AngloAmerican Plc : BHP's offer will not proceed, part of the speculative premium on Anglo lingers
>Disagreement on the structure could not be resolved, BHP did not go hostile - Contrary to our expectations, Anglo yesterday abandoned discussions with BHP on a possible offer. Last week, the UK-based miner had agreed to a one-week extension to the deadline for BHP to submit an offer after the latter had made a third improved bid at £ 31.1 per share. However, the two groups remained at odds over the offer structure. BHP remained adamant on the spin-off of the two Sout...Anglo American is a global mining company with a portfolio of mining operations and undeveloped resources. Co. is focused on diamonds, copper, platinum group metals (PGMs), and bulk commodities and other minerals. Co.'s segments include: De Beers, which produces rough and polished diamonds; Copper, which produces copper; Platinum, which produces PGMs; Iron Ore and Manganese, which produces iron ore, manganese ore and alloys; Coal, which produces metallurgical coal and thermal coal; and Nickel, which produces nickel.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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