In the fast lane of Mergers and Acquisitions, @AngloAmerican board turns down @bhp
https://lnkd.in/drSq9x-N
As per @SheilaKhama X (Twitter) post of Friday April 26th, I agree, value was not fully maximized nor likely to be realized.
That said, I doubt we have seen the last of the matter. Rumors of a looming takeover of Anglo have been circulating for some time. So, I wonder if perhaps it’s a matter of when, by whom, how and not whether a merger/takeover is imminent. Especially that other potential bidders now know what obstacles may get in the way of a deal with Anglo based on the stated reasons for the board's rejection of the BHP offer and sentiment in South Africa.
From the perspective of Botswana, I wonder if going for the offensive might be a better response. The point being diamonds are the outlier in a world of today's mining portfolios that are increasingly underpinned by critical minerals demand and not luxury commodities.
So, whatever happens the likelihood is a buyer will treat De Beers differently. So, rather than being preempted by actions of Anglo shareholders, De Beers Exco or other third parties, could scenario planning on option for the future of investments in @debeersgroup and @CompanyDebswana not lower risk on the country?
Having established state-owned entities and #OkavangoDiamondCompany #MineralDeveleopmentCompanyBotswana, could this be the time to put the boards and Excos of the entities to work while keeping politics out of it?
Mining giant BHP in £31 billion bid to takeover rival Anglo American
From euronews.com
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