Tag: $Anglo American

Anglo American on Wednesday rejected BHP Group’s last-ditch request for more time to discuss a $49 billion takeover offer, dismissing it as highly complex and likely ending a five-week pursuit by the bigger rival.

Anglo American plans to spin off its highly prized De Beers diamond unit as part of a sweeping restructuring of its 107-year-old business as it seeks to fend off persistent takeover bids from mining rival BHP Group. 

Mining giant Anglo American on Friday rejected a takeover bid from rival BHP Group, saying the offer “significantly undervalues” the company and its future prospects.

Two of the world’s largest mining giants are considering merging in what would be one of the biggest industry moves in years, something that would likely reshape the playing field for U.S.

Anglo American on Friday outlined plans to drastically reduce its mining output between now and 2026 with a view to saving $1.8 billion in costs as plunging commodity prices have eaten into its profits.