News Minimalist logo

BHP makes takeover offer for Anglo American, shares rise

The Australian Financial Review — April 25, 2024, 10:00 AM UTC

Summary: Anglo American received a takeover offer from BHP, causing its shares to rise by over 13%. BHP aims to become the world's largest copper producer and expand its coal and iron ore operations. The deal values Anglo at £25.08 per share, including Amplats and Kumba shares. Anglo reported an 11% increase in copper production. BHP plans to produce up to 1.91 million tonnes of copper in 2023-24.

Full article

Article metrics
Significance5.7
Scale8.0
Magnitude7.0
Potential7.5
Novelty6.0
Actionability4.0
Immediacy8.5
Positivity6.5
Credibility9.0

Timeline:

  1. [3.4]
    Glencore may bid for Anglo American, sparking bidding war (The Guardian)
    3d
    Summary:Source
  2. [3.4]
    BHP's $60b bid prompts Anglo American to address issues (Sydney Morning Herald)
    5d
    Summary:Source
  3. [2.9]
    BHP CEO Mike Henry plans Anglo American takeover (Financial Times)
    6d
    Summary:Source
  4. [5.4]
    BHP considers buying Anglo for copper assets amid supply challenges (Financial Times)
    7d

    ScoresSource
  5. [5.6]
    BHP bids $60B for Anglo American, targeting copper mines (ABC News)
    7d

    ScoresSource
  6. [4.2]
    BHP offers $25.7bn settlement for Brazil dam disaster (The Guardian)
    7d
    Summary:Source
  7. [3.8]
    BHP's bid for Anglo American attracts potential suitors (Financial Times)
    7d
    Summary:Source
  8. [1.8]
    BHP shares fall after Anglo American rejects takeover offer (The Motley Fool Australia)
    8d
    Summary:Source
  9. [4.6]
    BHP's pursuit of Anglo American faces South Africa obstacle (The Guardian)
    8d
    Summary:Source
  10. [2.9]
    Elliott Management acquires $1 billion stake in Anglo American (CNBC)
    10d
    Summary:Source
  11. [3.6]
    Anglo American rejects BHP's undervalued £31bn offer (Financial Times)
    10d
    Summary:Source
  12. [3.0]
    Anglo American rejects BHP's takeover bid as undervalued (CNBC)
    10d
    Summary:Source
  13. [3.0]
    Anglo American's share surge raises information leak concerns (ABC News)
    11d
    Summary:Source
  14. [4.6]
    BHP Group bids to acquire Anglo American for US$39 billion (The Globe and Mail)
    11d
    Summary:Source
  15. [4.2]
    BHP bids £31.1 billion for Anglo American, targeting copper (CNN)
    11d
    Summary:Source
  16. [3.0]
    Minerals minister opposes BHP's bid to acquire Anglo American (Financial Times)
    11d
    Summary:Source
  17. [5.6]
    FTSE 100 hits record high on Anglo American takeover news (The Telegraph)
    11d

    ScoresSource
  18. [5.0]
    BHP Group offers £31.1 billion for Anglo American (CNBC)
    11d

    ScoresSource
  19. [4.4]
    BHP proposes all-stock takeover of Anglo American for expansion (Financial Times)
    12d
    Summary:Source
  20. [4.7]
    BHP bids $56 billion for Anglo American, pending details (The Australian Financial Review)
    12d
    Summary:Source
  21. [4.3]
    BHP considering takeover of Anglo American, impacting mining industry (Sydney Morning Herald)
    12d
    Summary:Source
  22. [4.3]
    BHP considers takeover of Anglo American, signaling major dealmaking (The Age)
    12d
    Summary:Source