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 offered last week, according to analysts and traders surveyed by Bloomberg.
Anglo American shares are trading above the value of BHP’s rebuffed $39 billion 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.
Of the 12 survey participants who gave an acceptable price for a possible deal, the average value was £30.43 per share, with a range in responses between £28 and £35 – bloomberg