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By Scott Murdoch and Melanie Burton
(Reuters) -BHP Group shares fell 4% on Friday a day after revealing a $38.8 billion bid for Anglo American as investors feared a deal could erode BHP's profitability especially if it has to sweeten its offer.
BHP said it would offer 25.08 pounds ($31.39) per Anglo share, a premium of 31% from the stock's previous close before the bid was made public on Thursday.
Anglo shares rose 16.1% to 25.60 pounds in London trading on Thursday.
BHP's shares fell as muc...
>>> Read more: BHP shares drop on value concerns after $39 billion bid for Anglo American
(Reuters) -BHP Group shares fell 4% on Friday a day after revealing a $38.8 billion bid for Anglo American as investors feared a deal could erode BHP's profitability especially if it has to sweeten its offer.
BHP said it would offer 25.08 pounds ($31.39) per Anglo share, a premium of 31% from the stock's previous close before the bid was made public on Thursday.
Anglo shares rose 16.1% to 25.60 pounds in London trading on Thursday.
BHP's shares fell as muc...
>>> Read more: BHP shares drop on value concerns after $39 billion bid for Anglo American
