Streetbeat News

AAUKF

Anglo American plc

http://www.angloamerican.com/

CEO

Mark Cutifani

Industry

Iron Ore Mining

Open

31.45

Mkt cap

38B

Volume

200

High

31.45

P/E Ratio

-23.12

52-wk high

35.70

Low

31.45

Div yield

0.03

52-wk low

20.91

BHP's $49.2-billion acquisition attempt of Anglo American has failed due to the complexity of the deal, particularly regarding Anglo's South African assets. The deal's collapse highlights the challenges posed by regulatory and socio-economic factors in South Africa.

Portfolio Pulse from Stjepan Kalinic

May 29, 2024 | 3:54 pm

BHP Group has requested an extension beyond the 4 PM GMT deadline to finalize its $50 billion takeover bid for Anglo American. The extension is needed due to the complex structure of the deal and ongoing negotiations over South African assets. Key shareholders support extending the talks.

Portfolio Pulse from Stjepan Kalinic

May 29, 2024 | 10:45 am

Cleveland-Cliffs announces new GHG reduction targets, U.S. Steel launches a new facility, and BHP aims to persuade Anglo American before the takeover deadline. Hecla Mining appoints a new interim president and CEO.

Portfolio Pulse from austin@walkonholdings.com

May 24, 2024 | 8:42 pm

Foremost Lithium completed its winter drilling program, TMC praised a legislative proposal for refining studies, Buenaventura suspended plant operations due to community issues, and BHP secured an extension for its takeover bid of Anglo American.

Portfolio Pulse from austin@walkonholdings.com

May 23, 2024 | 8:27 pm

South32 Ltd, a mining company spun out of BHP Group, is interested in acquiring Anglo American's share of their jointly owned manganese assets. This move aligns with South32's strategy to expand its influence in the global metals market. BHP is also extending its bid for Anglo American, focusing on prized copper assets.

Portfolio Pulse from Stjepan Kalinic

May 23, 2024 | 6:35 pm

BHP Group Limited (NYSE:BHP) is standing firm on its latest takeover proposal for Anglo American Plc. (OTC:AAUKF), with a deadline of May 29 to make a firm bid. BHP aims to address Anglo American's concerns on an asset-by-asset basis. The proposal includes complex demergers of Anglo American's South African assets. BHP shares are up 0.26% at $58.88.

Portfolio Pulse from Lekha Gupta

May 23, 2024 | 2:26 pm

BHP Group (NYSE:BHP) has secured a one-week extension on its proposed takeover of Anglo American (OTCQX:AAUKF) after submitting three unsuccessful bids. The extension allows BHP to potentially address Anglo American's concerns regarding the complexity and risks of the proposed demergers. Anglo American has also been proactive, unveiling its own restructuring plan.

Portfolio Pulse from Stjepan Kalinic

May 22, 2024 | 4:22 pm

BHP Group Limited (NYSE:BHP) surged to a three-month peak amid speculation about a potential bid for Anglo American Plc (OTC:AAUKF). BHP must submit a binding bid by Wednesday or face a six-month abstention period. The stock has gained 6% in the past three months, driven by positive market conditions and investor sentiment. Investors can also gain exposure through ETFs like CRIT and COAL.

Portfolio Pulse from Nabaparna Bhattacharya

May 21, 2024 | 5:08 pm

Nippon Steel is pushing for a $14.1 billion acquisition of U.S. Steel despite opposition from union leaders and the Biden administration. Hecla Mining released its 2023 Sustainability Report highlighting ESG achievements. BHP's $43 billion bid for Anglo American faces challenges. Jefferies initiated coverage on Steel Dynamics and Nucor with Hold ratings.

Portfolio Pulse from Austin DeNoce

May 20, 2024 | 9:48 pm

BHP Group's acquisition attempt of Anglo American faces complexity as the May 22 deadline approaches. Despite rejections, BHP's shares rise due to high commodity prices. Anglo American accelerates restructuring, divesting assets and focusing on copper. The $9 billion Woodsmith project faces uncertainty amid BHP's parallel investment in Canada.

Portfolio Pulse from Stjepan Kalinic

May 20, 2024 | 1:08 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.