BHP To Hold Firm On Latest Takeover Proposal For Anglo American: Report
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
- BHP Group's Takeover Proposal: BHP Group Limited plans to stand firm on its latest takeover proposal for Anglo American Plc, with a deadline until May 29 to make a firm bid.
- Understanding Concerns: BHP will spend the next week understanding Anglo American's concerns on an asset-by-asset basis to convince them of the deal's merits.
- Conditional Proposals: BHP had submitted three unsolicited proposals requiring Anglo American to execute two complex demergers of its South African assets, which were turned down by Anglo American.
- Analyst's Perspective: Analysts suggest that BHP's goal is to persuade Anglo American to agree to open its books and allow further extensions for the acquisition.
- Investor Exposure: Investors can access BHP stock through Exchange Traded Concepts Trust Optica Rare Earths & Critical Materials ETF and Exchange Traded Concepts Trust Range Global Coal Index ETF.
Analyst Views on COAL
Wall Street analysts forecast COAL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for COAL is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
