Barrick not bidding for Anglo American
TORONTO: Barrick Gold is not interested in bidding for Anglo American, which last week received a $39 billion takeover offer from BHP, and is building its own copper portfolio, the Canadian miner’s CEO Mark Bristow said on Wednesday.
If BHP’s proposed acquisition of Anglo is successful, it would create one of the world’s biggest copper miners. Analysts and investors expect rival bids to emerge after BHP’s offer was rejected last week by Anglo, which said it was opportunistic, significantly undervaluing the company and its future prospects.
“We are not interested in bidding for Anglo American, as we are building (copper assets) of our own,” Bristow told Reuters.
Published in Dawn, May 2nd, 2024
Related
Painesville American Legion post plans July 20 family fun day
American Legion Post 336 in Painesville is planning a July 20 family fun day at its 60 Chester St. post with remembrance ceremonies, food, giveaways, live music
Turkish-American business meeting highlights CANiK’s role in defense cooperation
During a meeting hosted by the Turkish American Business Council (TAIK) and the American Turkish Business Development Council (ATBR) in Washington, Turkish
Growth in core business lines produces improved profits for BNY
This is a developing story. Please check back here for updates. BNY Mellon grew its core custody and wealth management businesses while tamping down operating
