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BHP's CEO Sees No 'Must Do' Transactions, Abandons Anglo American For Now
Global mining leader BHP (NYSE:BHP) has temporarily abandoned its pursuit of Anglo American (OTC:AAUKF), one of the largest M&A attempts in 2024.
The Financial Times reported that the Australian miner now views a deal as "too expensive," given Anglo's share price surge in recent months â as London-listed company shares rose 26% in the last 12 months, owing to restructuring efforts and favorable investor sentiment.
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>>> Read more: BHP's CEO Sees No 'Must Do' Transactions, Abandons Anglo American For Now
Global mining leader BHP (NYSE:BHP) has temporarily abandoned its pursuit of Anglo American (OTC:AAUKF), one of the largest M&A attempts in 2024.
The Financial Times reported that the Australian miner now views a deal as "too expensive," given Anglo's share price surge in recent months â as London-listed company shares rose 26% in the last 12 months, owing to restructuring efforts and favorable investor sentiment.
...
>>> Read more: BHP's CEO Sees No 'Must Do' Transactions, Abandons Anglo American For Now
