BHP’s sweeteners spark talks for £39bn Anglo American merger: Chris Hughes
Mike Henry, CEO of BHP Group Ltd., is leveraging incremental sweeteners to entice Anglo American Plc into a potential £39 billion ($50 billion) merger. His strategy involves Anglo splitting off two South African miners, offering Anglo shareholders a substantial premium in BHP stock. While Anglo remains hesitant due to complexities and undervaluation concerns, it's engaging in talks, signalling the potential for a revised, more lucrative deal.
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By Chris Hughes
Sometimes the old ways are the best. Mike Henry's method of adding incremental sweeteners to a lowball starting proposal to buy Anglo American Plc won't win any awards for originality in mergers and acquisitions.
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