GB00B1XZS820 - Anglo American

(Reuters) -BHP Group is considering making an improved offer for Anglo American after its $39 billion initial proposal was rejected by the London-listed miner, a source familiar with the matter told Reuters.

https://finance.yahoo.com/news/...roved-proposal-anglo-151117063.html  

For Now It’s Less than the Sum of Its Parts

https://finance.yahoo.com/news/anglo-worth-now-less-sum-130109215.html

Anglo’s shares are trading about 8% above the price implied by BHP’s initial proposal, which was swiftly and firmly rejected, and Bloomberg reported on the weekend that the larger firm was considering an improved offer.

But how high can BHP go? The world’s biggest miner needs to thread the needle with an offer that can win over Anglo investors while maintaining the support of its own shareholders — especially given the company’s history of disastrous dealmaking.

And while BHP’s bid is driven by its interest in Anglo’s huge copper business, the company produces a hodgepodge of other commodities from diamonds to platinum and coal — each with different market dynamics and degrees of attractiveness. BHP wants Anglo to spin off its majority stakes in two South African miners even before a deal takes place, and has suggested it would put other unwanted pieces up for sale as well.  

(Bloomberg) -- South Africa’s biggest labor union federation urged local shareholders, including the powerful Public Investment Corp., to oppose BHP Group Ltd.’s bid to buy Anglo American Plc.

https://finance.yahoo.com/news/...an-unions-urge-anglo-093452030.html  

https://finance.yahoo.com/news/...o-had-considered-bid-032716452.html