Anglo American rejects “opportunistic” $39bn takeover bid from BHP

BHP Group can't cherry-pick Anglo American assets without paying a hefty premium, Anglo investors told Reuters.

Even though BHP doesn’t want to buy Kumba and Amplats, South Africa could have an important role to play if an eventual deal is structured.

BHP's $39 billion bid will be the elephant in the room at Anglo American's Tuesday annual general meeting.

BHP is considering making an improved offer, Reuters sources said during the weekend.

BHP Group is considering making an improved offer for Anglo American after its $39 billion initial proposal was rejected.

Job losses are hot-button issues in the lead-up to the May 29 election.

Naidoo has been acting CFO since October 2023.

The company’s reputation is in tatters after a series of missteps sent its value plunging by half. And now industry heavyweight BHP is moving in.

The deal worth about $39 billion would involve Anglo exiting its platinum and iron ore assets in the country.