BHP's pursuit of Anglo American is intensifying, with the latter's board expressing confidence in its standalone prospects. Anglo American Platinum & Kumba Iron Ore, valued at $15 billion, pose uncertainty in the BHP bid. BHP's Australian shareholder emphasizes capital discipline amid investors evaluating the bid. Anglo CEO cites BHP bid as the reason for demerging assets. Anglo American Platinum shares plummet in Johannesburg following the announcement of divestment plans. Investors anticipate BHP to increase the offer for Anglo American.
BHP CEO Mike Henry says investors must decide whether his team or the rival one at Anglo American is best positioned to deliver value from their respective restructuring plans https://t.co/VAnnAnPq40
Breakingviews - Anglo breakup gives investors a free option on M&A https://t.co/Q9D7VCRJZ9 https://t.co/Q9D7VCRJZ9
From Breakingviews - Breakingviews - Anglo breakup gives investors a free option on M&A https://t.co/4VNx5nIIcE https://t.co/4VNx5nIIcE