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BHP's Fresh Bid For Anglo American Threatens $57bn Teck Deal : Reports

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us

BHP Group Ltd (BHP,BBL,BLT.L,BHP.AX,BHP.L,BHG.JO) has renewed its approach to acquire rival Anglo American plc (AAL.L,AAUKY.PK,AAM.SW,NGLB.DE,AGL.JO) in a move that could reshape the global mining industry and derail Anglo's planned $57 billion merger with Teck Resources Limited (TECK, TECK_A.TO,TECK_B.TO), according to several media reports citing people familiar with the matter.

The fresh interest reportedly emerged in recent days, marking a dramatic return just over a year after BHP abandoned a 39 billion pounds offer due to strong opposition from Anglo's board.

This latest development comes at a critical moment, as shareholders of Anglo and Teck are set to vote on their proposed combination on December 9.

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