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All eyes turn to Anglo's next investor update as new BHP offer falls short

Date: 13 May 2024

1 minute read

13 May 2024

If you are covering Anglo American’s rejection of BHP’s revised offer, please find below a comment from Jamie Maddock, energy and mining analyst at Quilter Cheviot:

“BHP’s upwardly revised offer for Anglo still falls someway short of reasonable expectations. It appears to overlook the superior quality and the unique characteristics of Anglo’s portfolio of assets. Additionally, there are significant questions about the level of political support and the intricate nature of the proposed transaction.

“With Anglo poised to reveal its standalone potential at the forthcoming investor update, the market will gain a far clearer understanding of the company’s true worth and future direction.”

Gregor Davidson

Senior External Communications Manager