AngloAmerican Plc : Third offer set to be the one, target price raised to 2,900p
>Third offer now attractive enough, in our view - BHP yesterday presented its third offer to Anglo American’s board. It values the group at $ 31.11 a share based on BHP, Anglo Platinum and Kumba Iron Ore’s latest share prices. The new offer is still entirely share-based, but it now includes 0.886 BHP share per Anglo share held worth £ 21.48 vs 0.8132 in the previous offer from 13 May and 0.7097 in the initial offer of 25 April. Simultaneously, Anglo shareholders will...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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