Why Anglo shares are holding firm even as BHP takeover ambitions flatline
As stock markets closed on Thursday, the Anglo American share price had not behaved like that of a company for which a promising takeover bid had just failed.
In fact, the current stock price of R590 per share is 42% higher in the year to date, and values the entire company at just over R800 billion. Indeed, it is lower than the R627 it reached last Thursday, when anticipation of an all-share takeover by mining behemoth BHP peaked. But it is still markedly higher than the R497 per share which the company traded at in late April, just before news of the proposed deal first broke.South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we're about to enter a new chapter of fearless journalism.
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