Anglo American Could Attract Fresh Takeover Bid If It Pursues Teck -- Market Talk
Dow Jones
Sep 09
0439 GMT - If Anglo American tries to buy Teck Resources, it could itself become vulnerable to a new bid by BHP Group or another company, according to Jefferies analysts. That's because Anglo's share price "will likely be under pressure if the company plans on paying a large premium to get a Teck deal to the finish line," they say. That happened in 2007 when Freeport-McMoRan bought Phelps Dodge after Phelps had attempted to acquire Canada's Inco and Falconbridge, say the analysts. They reckon GBP30-GBP32/share is a "reasonable" price to acquire Anglo. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
September 09, 2025 00:39 ET (04:39 GMT)
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