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BHP Group Ltd ( (AU:BHP) ) has shared an update.
BHP Group Ltd has announced that it will not pursue a merger with Anglo American plc, despite recognizing the potential strategic benefits and value creation such a combination could offer. The company remains committed to its organic growth strategy, which it believes holds significant promise for stakeholders. This decision aligns with Rule 2.8 of the UK City Code on Takeovers and Mergers, although BHP reserves the right to reconsider under certain conditions.
The most recent analyst rating on (AU:BHP) stock is a Buy with a A$48.00 price target. To see the full list of analyst forecasts on BHP Group Ltd stock, see the AU:BHP Stock Forecast page.
More about BHP Group Ltd
BHP Group Ltd is a leading global resources company headquartered in Australia. It is involved in the extraction and processing of minerals, oil, and gas, and is known for its focus on sustainable development and innovation in the mining industry.
YTD Price Performance: 6.48%
Average Trading Volume: 8,155,405
Technical Sentiment Signal: Buy
Current Market Cap: A$205B
See more data about BHP stock on TipRanks’ Stock Analysis page.