UK mining company reveals break-up plan in bid to avoid takeover by Australia-based BHP
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Anglo American plans to sell the diamond business De Beers as part of a sweeping plan to break up the company to defend it against a £34bn takeover plot by its rival BHP.
The embattled London-listed mining company set out a radical new strategy to dismantle parts of the company, including the sale of the world’s biggest diamond miner, after rejecting a second unsolicited takeover offer from Australian miner BHP.
Continue reading…UK mining company reveals break-up plan in bid to avoid takeover by Australia-based BHPBusiness live – latest updatesAnglo American plans to sell the diamond business De Beers as part of a sweeping plan to break up the company to defend it against a £34bn takeover plot by its rival BHP.The embattled London-listed mining company set out a radical new strategy to dismantle parts of the company, including the sale of the world’s biggest diamond miner, after rejecting a second unsolicited takeover offer from Australian miner BHP. Continue reading…