I am a Breaking News Reporter at Forbes, with a focus on covering important tech policy and business news. Graduated from Columbia University with an MA in Business and Economics Journalism in 2019. Worked as a journalist in New Delhi, India from 2014 to 2018.
Australian mining giant BHP Group on Thursday made a nearly $40 billion offer to acquire its U.K.-based rival Anglo American , a deal that could create the world’s largest copper mining company if the deal goes through.... The BHP Group’s proposal is an all-share offer that values Anglo American at around $38.9 billion BloombergBHP told Bloomberg the per-share value of the offer is around $31.36 , roughly a 14% premium over Anglo American ’s closing price on Wednesday.
Anglo American’s London-listed shares surged nearly 13% to $31.2 after the offer was reported while BHP’s U.K.-listed shares slumped by 3.51%.If the proposed deal goes through, the merged entity would account for around 10% of the global copper output, making it the world’s biggest copper mining firm,Reuters.
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