Cailian, May 22 (Editor Xia Junxiong) Local time Wednesday (May 22)bestgamingcryptotoinvestin2022, BHP Billiton made a third takeover offer for Anglo Americanbestgamingcryptotoinvestin2022, but it was still rejected by the latter, but Anglo American agreed to extend the deadline for submitting a takeover offer by one week.
BHP Billiton's latest offer for Anglo American is 29.9 per sharebestgamingcryptotoinvestin2022.34 pounds, with a total value of 38.6 billion pounds (491bestgamingcryptotoinvestin2022US$.80 million), this is the third time BHP Billiton has made a takeover offer for Anglo American in less than a month.
The previous two bids were £ 25.08 per share (total value of £ 31.1 billion, or $39.1 billion) and £ 27.53 per share (total value of £ 34 billion, or $42.7 billion). However, Anglo American rejected BHP Billiton's acquisition on the grounds that the company's value was underestimated.
According to UK takeover law, BHP Billiton has a deadline of May 22 to make a takeover offer, but Anglo American has agreed to extend this deadline by one week.
BHP Billiton still insists on the requirement made in its previous two offers that Anglo American must divest its platinum and iron ore assets in South Africa. Anglo American previously believed that this condition was difficult to enforce. The company was founded in South Africa 107 years ago and still has a very deep foundation there.
Analysts at JPMorgan released a report last week saying Anglo American had a reasonable purchase price of 32 pounds per share, with a total value of approximately 39.5 billion pounds ($50 billion).
The main purpose of BHP Billiton's bid for Anglo American is to obtain the latter's copper assets in South America. If the acquisition is successful, it will not only create the largest M & A transaction in the history of the mining industry, but will also make BHP Billiton the world's largest copper producer, with a market share of about 10%.
As a global mining giant, Anglo American currently has operations covering copper, platinum group metals, steelmaking coal and nickel, and is also developing crop nutrient projects.
Anglo American announced a restructuring plan this month that will spin off its platinum company Anglo American Platinum, spin off or divest its diamond division De Beers, and sell coking coal assets, one of the largest business adjustments in the company's 107-year history.
