(Bloomberg) -- As Anglo American Plc sets out a survival plan that echoes the vision of its suitor BHP Group, the rival mining bosses are now locked in a...
-- As Anglo American Plc sets out a survival plan that echoes the vision of its suitor BHP Group, the rival mining bosses are now locked in a battle to convince shareholders they are the man for the job.Flood of China Used Cooking Oil Spurs Call to Hike US Levies
“Shareholders must decide which plan creates the greatest value, soonest,” Henry said “Which team has the better track record of execution.” Wanblad by contrast has faced a tougher start. While the company he inherited was riding high, buoyed by soaring commodity prices, some of the Anglo’s key markets quickly soured, exposing flaws in some of the underlying businesses. That ultimately led Wanblad to launch the root and branch review of the business.
The “key difference” between the two proposals is that BHP’s plan involves securing simultaneous regulatory approval in South Africa for a pair of demergers and the top-level transaction, Anglo’s Wanblad said in an interview.
Mike Henry Bloomberg Duncan Wanblad BHP Group Shareholders South African Businesses
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BHP’s Top Australian Investor Eyes Restraint in Battle for Anglo(Bloomberg) -- Pension giant AustralianSuper, BHP Group Ltd’s largest Australian shareholder, said capital discipline was of “utmost importance” for the...
Read more »
BHP’s Top Australian Investor Eyes Restraint in Battle for AngloPension giant AustralianSuper, BHP Group Ltd’s largest Australian shareholder, said capital discipline was of “utmost importance” for the mining industry as investors weigh the heavyweight’s twice-rebuffed efforts to woo smaller rival Anglo American Plc.
Read more »
Anglo-BHP Battle Is Between Two CEOs Fighting Over Same VisionAs Anglo American Plc sets out a survival plan that echoes the vision of its suitor BHP Group, the rival mining bosses are now locked in a battle to convince shareholders they are the man for the job.
Read more »
BHP CEO Mike Henry says mining company will remain disciplined as it chases Anglo American acquisitionWhile speaking at a mining conference, Henry signalled the Australian miner won’t overpay for Anglo
Read more »
BHP chief urges Anglo investors to consider takeover benefitsExplore stories from Atlantic Canada.
Read more »
BHP Says Anglo Investors Must Decide on Execution Track RecordBHP Group Chief Executive Officer Mike Henry said investors must decide whether his team or the rival one at Anglo American Plc is best positioned to deliver value from their respective restructuring plans.
Read more »