annb0t
Top 20
By Anousha Sakoui
LONDON (Reuters) - BHP Group would need to boost its latest offer around 30% to reflect fair value for Anglo American and its key copper assets, JPMorgan analysts said in a note.
They raised their price target for London-listed Anglo to 27.75 pounds a share after reexamining the value of its copper assets, and said the discount for the shares to the implied value of BHP's offer was at its greatest level, implying the market sees a deal as unlikely.
WHY IT'S IMPORTANT
Anglo ...
>>> Read more: BHP needs to bid about 32 pounds a share for Anglo, JPMorgan says
LONDON (Reuters) - BHP Group would need to boost its latest offer around 30% to reflect fair value for Anglo American and its key copper assets, JPMorgan analysts said in a note.
They raised their price target for London-listed Anglo to 27.75 pounds a share after reexamining the value of its copper assets, and said the discount for the shares to the implied value of BHP's offer was at its greatest level, implying the market sees a deal as unlikely.
WHY IT'S IMPORTANT
Anglo ...
>>> Read more: BHP needs to bid about 32 pounds a share for Anglo, JPMorgan says
