All roads lead to Miami this week for the next round in a heavyweight corporate brawl pitting BHP against Anglo American.
All roads lead to Miami this week for the next round in a heavyweight corporate brawl which has pitted BHP, the world’s biggest mining company, against Anglo American, a former champion.
The chief executives of both companies are scheduled to speak at an annual Bank of America mining investment event which has traditionally been a magnet for mining leaders and major investors.
Duncan Wanblad, chief executive of London-listed but South African focused Anglo American, is scheduled to speak at 8am this morning (Tuesday), followed by BHP chief executive, Mike Henry.
What both men have to say will be closely followed because BHP is proposing a $44 billion takeover of Anglo to create the world’s undisputed mining champion and biggest producer of the hottest metal in the market today, copper.
A second critical event in the highly conditional share-swap merger proposed by BHP falls due next week with British takeover law requiring BHP to make a formal offer by May 22, or walk away.The Jury Is Out
The jury is out on BHP’s proposal which started at a value of approximately $31.
