Anglo American Takeover Price Needs to Surpass £30/Share, Survey Shows
- UK-listed Anglo trades above the implied rejected bid price
- Acceptable offer price seen ranging between £28 and £35/share
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A takeover of Anglo American Plc would need to be pitched at more than £30 ($37.6) per share, a higher price than BHP Group Ltd. offered last week, according to analysts and traders surveyed by Bloomberg.
Anglo American shares are trading 8.8% above the value of BHP’s rebuffed takeover proposal, a sign traders are also expecting a higher bid. The premium has increased since Bloomberg News reported over the weekend that BHP is considering making an improved proposal.