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Pin to quick picksAnglo American Share News (AAL)

Share Price Information for Anglo American (AAL)

London Stock Exchange
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Share Price: 2,403.50
Bid: 2,355.00
Ask: 2,600.00
Change: 0.00 (0.00%)
Spread: 245.00 (10.403%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 2,403.50
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BHP adviser canvassing investor views on improved Anglo bid, sources say

Mon, 29th Apr 2024 09:50

SYDNEY, April 29 (Reuters) - An adviser to BHP on its $39 billion Anglo American bid is seeking views from some of its shareholders as the miner weighs making a revised offer after its initial proposal was rejected last week, sources said.

UBS has begun booking meetings with fund managers for this week, three sources with direct knowledge of the matter said on Monday. One said they would discuss the structure of a potential revised offer from BHP.

The views being sought from BHP investors is a parallel process to the discussions BHP executives are having with some shareholders, the first source said. The talks indicate the effort that BHP is making to fine tune a new proposal for Anglo.

The world's largest listed mining group is considering making an improved offer for Anglo, Reuters reported over the weekend citing a source.

The investor meetings being sought by UBS will focus on gaining granular details on how the miner's shareholders think a second bid should be structured, the first source said. That feedback would then be given back to BHP, the source added.

The sources declined to be named as the information being discussed was not public.

BHP and Anglo declined to comment. UBS did not immediately respond to a request for comment.

Anglo shares in London were up 1.87% on Monday to 26.92 pounds. BHP shares closed 0.42% lower at A$42.97 in Australia. (Reporting by Scott Murdoch and Lewis Jackson in Sydney, Melanie Burton in Melbourne; Editing by Sumeet Chatterjee and Alexander Smith)

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25 May 2024 12:12

BlackRock pushed Anglo to extend talks with BHP, FT reports

May 25 (Reuters) - Anglo American was pressed by key shareholders including BlackRock to extend talks with BHP Group over its proposed 38.6 billion pound ($49.18 billion) mining megamerger, the Financial Times reported on Saturday.

($1 = 0.7849 pounds) (Reporting by Mrinmay Dey in Bengaluru)

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23 May 2024 10:39

Diamond sales lose shine at De Beers

(Sharecast News) - Rough diamond sales at De Beers fell in recent weeks, Anglo American said on Thursday, on the back of subdued demand.

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23 May 2024 08:54

TOP NEWS: Anglo American diamond sales slump ahead of De Beers split

(Alliance News) - Anglo American PLC on Thursday said rough diamond sales by De Beers weakened due to seasonally slower second quarter and a quieter period of trading in India.

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22 May 2024 18:14

Anglo leaves door open to engage with BHP after spurning third offer

BHP insists Anglo un-bundle South African assets

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22 May 2024 17:13

LONDON MARKET CLOSE: Stocks in red as UK inflation hits rate cut hopes

(Alliance News) - Stock prices in London closed lower on Wednesday, as the rumour mill at Westminster has been thrown into overdrive over a potential general election in summer this year.

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22 May 2024 16:01

TOP NEWS: Anglo American extends deadline after snubbing new BHP offer

(Alliance News) - Anglo American PLC on Wednesday rejected a third takeover proposal from BHP Group Ltd but gave the Melbourne-based miner another seven days to formalise a bid.

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22 May 2024 15:36

Anglo American rejects third and final takeover proposal from BHP

(Sharecast News) - Anglo American said on Wednesday that it has rejected a third and final takeover proposal from Australia's BHP which values the miner at £38.6bn.

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22 May 2024 14:55

Anglo American rejects third and final takeover offer from BHP

(Sharecast News) - Anglo American said on Wednesday that it has rejected a third and final takeover proposal from Australia's BHP which values the miner at £38.6bn.

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22 May 2024 14:49

Anglo American rejects third and final takeover offer from BHP

(Sharecast News) - Anglo American said on Wednesday that it has rejected a third and final takeover proposal from Australia's BHP which values the miner at £38.6bn.

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22 May 2024 13:55

Major Anglo investor says BHP bid needs 'meaningful revision'

South Africa's PIC owns roughly 7% stake in Anglo

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22 May 2024 12:19

Anglo investor calls for 'meaningful' changes to BHP bid

(Sharecast News) - A leading shareholder in Anglo American said on Wednesday that BHP Group's blockbuster £34bn takeover offer required "meaningful revision".

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22 May 2024 12:03

South Africa's PIC: BHP offers for Anglo should reflect value of existing and unlisted assets

JOHANNESBURG, May 22 (Reuters) - South Africa's Public Investment Corporation (PIC) said on Wednesday that it believed any offers from BHP Group for Anglo American should reflect the embedded value of existing Anglo assets and benefits that BHP could derive from Anglo's unlisted assets.

(Reporting by Felix Njini; Writing by Bhargav Acharya; Editing by Alexander Winning)

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20 May 2024 17:12

Anglo shareholder LGIM supports break-up plan as BHP circles

LONDON, May 20 (Reuters) - Anglo American shareholder Legal & General Investment Management (LGIM) supports the break-up plan announced by the company last week, it said on Monday, as the deadline approaches for BHP Group to log a formal takeover offer.

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17 May 2024 15:52

London close: Stocks recoup some earlier losses

(Sharecast News) - London stocks remained in negative territory by Friday's close, although they managed to recoup some of the losses seen earlier in the session as Wall Street opened with positive momentum.

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17 May 2024 10:39

BHP needs to bid about 32 pounds a share for Anglo, JPMorgan says

LONDON, May 17 (Reuters) - BHP Group would need to boost its latest offer around 30% to reflect fair value for Anglo American and its key copper assets, JPMorgan analysts said in a note.

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