Anglo American Plc, the London-listed mining group led by South African executive Duncan Wanblad, is again the focus of BHP Group after the worlds biggest miner made a fresh takeover approach. The move comes as Anglo prepares for a shareholder vote on its planned merger with Canadas Teck Resources Ltd., a deal that would create a major copper producer.
People familiar with the matter said BHP recently reached out with an offer made up of cash and stock. Anglo, valued at about 31.9 billion 41.8 billion, has been a recurring target for BHP, which abandoned a 49 billion pursuit last year after a public standoff.
Pressure ahead of Teck vote