Mining giant BHP proposes buyout of Anglo American

Mining behemoth BHP suggests purchasing Anglo American
“There are concerns that if the deal goes through, it could be the tip of the iceberg and more giants could leave the exchange.”Early on Thursday, the price of Anglo American’s shares increased by over 12% to £24.86.

Any offer made in response to BHP’s proposal is contingent upon Anglo American relinquishing its interests in South African iron and platinum ore operations.

BHP has until the close of business on May 22 to submit a formal bid for Anglo American in accordance with UK merger and acquisition regulations.

Mining behemoth BHP suggests purchasing Anglo American
Mining behemoth BHP suggests purchasing Anglo American

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