Consolidation Alert: BHP Makes Bold Move for Anglo American Amid Copper Supply Concerns!
London, England – Mining giant Anglo American rejected a proposal from competitor BHP, citing the offer as “opportunistic” and failing to properly value the company’s prospects. Shares of Anglo American fluctuated in response to the news, while other mining stocks saw an uptick in trading. BHP’s bid, which included the requirement for Anglo American to demerge key subsidiaries, was met with skepticism from Anglo American’s Chairman Stuart Chambers, who expressed concerns about the restructuring’s impact …