RE: £2525 Apr 2024 14:32
-- Per bloomberg - their offering 31.1 billion for anglo, current market cap is 33.35+ billion
On this point, hard to see where is 31% premium.
If it's the premium "over the implied value of Anglo's unlisted assets" (--BHP) that language implies that if Anglo were to list those assets separately, they must've been trading cheaper than the AAL altogether as of yesterday -- 2,140.
It's also a complete upside down: parts are cheaper than the sum.