Anglo American has given BHP the blueprint for a takeover: Javier Blas
In defending against a takeover by BHP Group Ltd., Anglo American Plc has inadvertently provided a roadmap for a successful bid. Anglo's radical restructuring plan, which includes exiting diamond, platinum, nickel, and steelmaking mining, mirrors much of BHP's strategy. However, BHP's offer to shoulder divestiture costs and promise of significant synergies may sway Anglo's shareholders. The takeover battle hinges on BHP's willingness to increase its bid.
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By Javier Blas
In trying to mount a defense against takeover interest, Anglo American Plc has also given its much larger rival BHP Group Ltd. a blueprint on how to launch a successful bid.
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