Anglo American Plc (
AAL.L) has turned down a second bid from BHP Group, valuing the mining giant at $43 billion, amidst mounting pressure on the century-old company to present a compelling strategy for its standalone survival.
Anglo's shareholders have been pressing for an acceleration of the turnaround plan initiated since mid-last year. Rejecting BHP's (
BHP.L) latest offer only intensifies the expectation for Anglo to articulate how it could generate more value internally rather than opting for a sale to its competitor. The company intends to address this concern on Tuesday.
Although BHP increased its all-share proposal, it maintained a structure previously deemed unfeasible by Anglo, making it challenging for the company to e ...
Sign up to read the entire article. It's Free and Simple to sign up!
We are offering a
FREE 30 day trial which includes full access to the following services here at investorAi.
You only need an email address to sign up! You will NOT be billed at the end of your trial unless you wish to begin a subscription.