The offer continued to call for the sale of shares in mineral assets in South Africa.
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The British company Anglo American rejected the latest acquisition offer from BHP Group for US$43 billion, stating that it was “very unattractive” for its shareholders. This new offer from BHP was 10% higher than the first, representing a 15% increase in the merger exchange ratio.
“The latest proposal continues to contemplate a structure that the board considers very unattractive for Anglo American shareholders, given the inherent uncertainty and complexity and the significant execution risks,” said the British company’s representative in Peru, Quellaveco.
Likewise, the rejected offer would have raised Anglo American shareholders’ aggregate ownership in the combined group to 16.6%from 14.8% of the previous proposal.
On the other hand, the proposal from Australian mining giant BHP Group still called for Anglo American to sell its shares in iron ore and platinum assets in South Africa.
Antecedent
BHP Group had already tried to buy Anglo American, less than a month ago, for US$39 billion. However, the president of the London-based company rejected the proposal, stating that the 107-year-old mining company was being “undervalued,” not only because of the amount offered, but also because of the requirement to get rid of its platinum and mineral businesses. iron in South Africa.
Journalist from the Peruvian University of Applied Sciences (UPC) with a major in Management and Leadership. She is editor of La República in the economics section for digital and print.
Source: Larepublica
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
