Commodities
BHP’s Biggest Rivals Sit on the Sidelines of Anglo M&A Drama
- Bid for Anglo American has sparked frenzy of deal speculation
- Rio, Glencore are more focused on snapping up specific assets
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Two of BHP Group’s biggest rivals are sitting on the sidelines for the moment as they watch to see how a takeover offer for Anglo American Plc will play out.
Both Rio Tinto Group and Glencore Plc are more focused on waiting for opportunities to snap up specific parts of Anglo’s business as BHP’s bid unfolds, rather than pursuing rival offers for the entire group.