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In the mining industry, a potential takeover battle is brewing as commodities giant Glencore is reportedly considering a bid for Anglo American. This interest from Glencore follows Anglo American's rejection of a $39 billion all-stock proposal from BHP last week. The possibility of Glencore's bid could lead to a bidding war for the 107-year-old mining company, intensifying competition among major players in the sector.
Glencore is considering a possible bid for Anglo American, a move that could spark a bidding war for the 107-year-old mining company, after Anglo rejected BHP’s $39 billion all-stock proposal last week https://t.co/kMn6x36gaf https://t.co/ANTAy1rTNQ
WATCH: Commodities group Glencore is studying an approach for Anglo American, two sources said, a development that could spark a bidding war for the 107-year-old mining company https://t.co/AVmsYoVVxu https://t.co/gExDzyLU2s
BHP's Anglo American bid has sparked a frenzy of speculation. Rivals Glencore and Rio Tinto are happy to sit on the sidelines — for now https://t.co/8ysDp2f3Uw
