BHP launches $56 billion takeover bid for Anglo American

Sky News Business Reporter Ed Boyd explains BHP's takeover bid for Anglo American.
Mining giant BHP has launched a non-binding takeover bid for the $56 billion British resources giant Anglo American.
Anglo American is one of the world’s biggest producers of copper, diamonds and platinum.
“Under the terms of this deal, Anglo American says that it’s not going to include its platinum business or its African iron ore mining business.” Mr Boyd said.
“In other words, BHP is looking to buy everything else.
“That’s its big diamond mining business that it has in South Africa, its copper business, its nickel business and its iron ore business in Brazil”.

[@pittuk6500]

But but...black rock is controlling them both...what a mystery!

[@georgesikimeti2184]

BHP biggest shareholder?,although a true blue conglomerate, love to know controlling figure head.

[@robdimasi2758]

Rates will go up before thay come down

[@speedymccreedy8785]

Let's hope it isn't another Billiton disaster.

[@briannewman6216]

Sounds like another BHP aquisition disaster.

[@seanlander9321]

Brilliant

[@KrYpTKaRnage]

BHP is less than 10% Australian owned sadly

[@UltraPerception]

Make sure its a rosemary and not a lavender.

[@Prognosis__]

Yes. Rosemary leaves on roast lamb 👍
Lavender will taste weird

[@UltraPerception]

@@Prognosis__ Lavender can be eaten though

[@justinlucas]

What's that's