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The Three Days BHP Tried to Crash a Copper Mining Mega Deal
BHP withdrew its unsolicited offer after Anglo's board favored a merger with Teck, citing potential savings and efficiencies from combining Chilean copper mines.
Summary by The West Australian
3 Articles
3 Articles
The mining giant BHP confirmed that it will not make a new offer to acquire Anglo American, ending a year of speculation about a possible merger valued at $74 billion. The decision comes just before the Anglo shareholders’ vote, scheduled for December 9, on its possible union with the Canadian mining company Teck Resources. In a statement, BHP stated that “after preliminary discussions with the Anglo American board, it confirms that it is no lon…
Coverage Details
Total News Sources3
Leaning Left0Leaning Right2Center0Last UpdatedBias Distribution100% Right
Bias Distribution
- 100% of the sources lean Right
100% Right
R 100%
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