Anglo-American's Share Price Soars on BHP Buyout Talks

Anglo-American's Share Price Soars on BHP Buyout Talks

OilPrice.com

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The mining world is all aquiver this morning at talks of a potential mega-deal from BHP to buy up London-listed miner Anglo American. Metals miner Anglo has been seen as a potential takeover mark since its share price took a sharp dive last year on the back of weak production forecasts. But just hours after the news was confirmed by Anglo this morning, its share price has jumped by more than 12 per cent, effectively erasing the losses of the last 12 months. So what do analysts think Anglo has to offer BHP? Principally, the play would make BHP’s…

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