Anglo American (NGLOY) rejected BHP‘s (BHP) latest proposal, Aaron Kirchfeld, Thomas Biesheuvel, and Dinesh Nair of Bloomberg reports, citing people familiar with the situation. Anglo reviewed the proposal and decided the proposal is not superior to its planned combination with Teck Resources (TECK), the sources added.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NGLOY:
- Anglo American price target raised to 3,000 GBp from 2,800 GBp at Citi
- Scotiabank downgrades Teck Resources ahead of merger vote
- Anglo American price target raised to 3,100 GBp from 3,000 GBp at Berenberg
- Anglo American price target raised to 2,760 GBp from 1,980 GBp at JPMorgan
- Teck Resources downgraded to Hold from Buy at Canaccord (yesterday)
