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Investing.com -- Anglo American 's (LON:AAL) proposed restructuring drive will "take time" as the miner looks to turn the page after a takeover bid by rival BHP Group (LON:BHPB) failed earlier this week, analysts at UBS said in a note downgrading their rating of the stock to "Neutral" from "Buy."
On Wednesday, mining giant BHP ditched its proposed multi-billion plan to acquire Anglo, bringing an end to six weeks of negotiations.
BHP's objective was to fold in Anglo's lucrative copper assets in...
>>> Read more: Anglo overhaul to "take time" following BHP's failed takeover attempt - UBS
On Wednesday, mining giant BHP ditched its proposed multi-billion plan to acquire Anglo, bringing an end to six weeks of negotiations.
BHP's objective was to fold in Anglo's lucrative copper assets in...
>>> Read more: Anglo overhaul to "take time" following BHP's failed takeover attempt - UBS
