BHP Group Ltd. has put forward a proposal to take over Anglo American Plc at a value of £31.1 billion ($38.9 billion), aiming to solidify its position as the world’s leading copper producer and triggering the largest upheaval in the industry in more than ten years.
In this potential deal, BHP, which is already the biggest mining company, has proposed an all-stock transaction. As per the terms, Anglo would initially separate its interests in South African platinum and iron ore firms by distributing them to its current shareholders before BHP would proceed with acquiring the company. BHP stated that the estimated per-share value of this non-binding bid was around £25.08.
