4 months ago, I posted this note about Anglo American

It was titled, “Bugger this, take me private”

Bugger this, take me private

Today, #AngloAmerican (AAL) has said it received a #takeover offer from #BHP.

#AAL is now 48% higher since that December 13, 2023 note.

M&A activity is increasing and in this case, it is easier to buy existing copper and nickel mines, rather than developing them. BHP would also get 85% ownership of De Beers Group (diamonds) too.

If this deal closes, they won’t exactly become ‘private’ but certainly eases the quarterly investor and analyst palaver for AAL management.

Although, it is early at this dance, it’s always possible that a privately held suitor emerges with buying interest that doesn’t require any de-merger of Anglo American’s divisions or business lines.

April 25, 2024

by Rob Zdravevski

rob@karriasset.com.au