Previous close | 0.0300 |
Open | 0.0300 |
Bid | 0.0000 |
Ask | 0.6500 |
Strike | 50.00 |
Expiry date | 2024-05-17 |
Day's range | 0.0300 - 0.0300 |
Contract range | N/A |
Volume | |
Open interest | 1.4k |
Mining behemoth BHP must overcome major hurdles to salvage its faltering pursuit of rival Anglo American, analysts said Monday as a midweek deadline over the seismic takeover bid approaches.BHP did not reply to a request for comment from AFP. Anglo American said: "UK laws restrict us from commenting ahead of the deadline." sft/arb/dan
Asian markets dipped. Oil prices fell, gold stayed near highs, and Australia's BHP Group surged. Focus on Fedspeak and BOE's Andrew Bailey.
Anglo American shareholder Legal & General Investment Management (LGIM) supports the break-up plan announced by the company last week, it said on Monday, as the deadline approaches for BHP Group to log a formal takeover offer. The radical plan to divest Anglo's less profitable coal, nickel, diamond and platinum businesses followed its rejection of two all-share takeover approaches from BHP, the world's biggest listed mining group, which had proposed a $43 billion deal on the condition that Anglo first spins off its South African operations. "The plan outlined by Anglo American is a radical but attractive strategy to create value for long-term investors," said Nick Stansbury, head of climate solutions at LGIM.