BHP/Anglo American: A Decarbonising Solution

646 Views26 Apr 2024 12:35
I would expect AAL to reject terms; but remain engaged. I'd expect BHP to fump.  For that, the near term trade is probably to still be short BHP, long AAL.
What is covered in the Full Insight:
  • Offer Details
  • Underlying Motivation for the Offer
  • Potential Consequences and Trades
  • Related Synergies
  • Challenges and Risks
Boomeranged on Thu, 23 May 2024 08:19
When "Final" doesn't necessarily mean final. After BHP increased its (final) offer ratio terms by 24.8% to 0.8860 BHP shares for each Anglo share - giving Anglo shareholders 17.8% of the pot, up from 14.8% -  Anglo again pushed back, ostensibly due to the indicative Offer's complexity. Yet Anglo has extended the deadline for BHP to make a firm Offer under the UK Takeovers Code until May 29.
(Sign Up to Access)
Get started on the Smartkarma Research Network with a complimentary Preview Pass to:
  • Unlock all research summaries
  • Follow top, independent analysts
  • Receive personalised alerts and emails
  • Access Briefings, Analytics, and Events

Upgrade anytime to our paid plans for full-length research, real-time analyst discussions, and more.

Join a thriving community of 45,000+ investors, including the top global asset managers managing over $13trn in assets.

Already have an account? Sign In Now
Full Insight
(Paid Plans Only, 4-minute read)
(Paid Plans Only)
Top 5%
David Blennerhassett
Pan-Asia Catalysts/Events
Quiddity Advisors
Price Chart(Sign Up to Access)