bullish
BHP/Anglo American: A Decarbonising Solution
671 Views26 Apr 2024 12:35
I would expect AAL to reject terms; but remain engaged. I'd expect BHP to fump. For that, the near term trade is probably to still be short BHP, long AAL.
What is covered in the Full Insight:
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Boomeranged on Thu, 23 May 2024 08:19
When "Final" doesn't necessarily mean final. After BHP increased its (final) offer ratio terms by 24.8% to 0.8860 BHP shares for each Anglo share - giving Anglo shareholders 17.8% of the pot, up from 14.8% - Anglo again pushed back, ostensibly due to the indicative Offer's complexity. Yet Anglo has extended the deadline for BHP to make a firm Offer under the UK Takeovers Code until May 29.
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