BHP Makes New Takeover Approach to Anglo American
Anglo American Plc Chief Executive Officer Duncan Wanblad speaks at the B20 South Africa 2025 summit in Johannesburg, South Africa, on Nov. 19.
Photographer: Waldo Swiegers/BloombergBHP Group has made a fresh takeover approach to Anglo American Plc in a move to disrupt the London-listed miner’s combination with Canada’s Teck Resources Ltd., the latest twist in a wave of consolidation sweeping the industry.
The world’s biggest miner has made overtures to Anglo American in recent days, according to people familiar with the matter. BHP’s proposal is a mix of cash and stock, some of the people said. Anglo American has a market value of about £31.9 billion ($41.8 billion), while BHP — which tried unsuccessfully to buy the smaller company last year — has a market value of more than $130 billion.