From Investing.com: 2024-05-29 22:05:19

Mining giant Anglo American PLC has been downgraded by Jefferies after BHP Group Ltd’s failed takeover attempt, with potential risks cited due to a major restructuring plan. BHP dropped its $49 billion bid for Anglo after disagreements over offloading South African businesses. Anglo’s restructuring includes demerging, selling, or reviewing various units, with potential value at risk. Jefferies anticipates a longer-than-expected restructuring timeline but expects a higher share price in the long term.



Read more at Investing.com: Jefferies downgrades to Hold as $49 bln BHP offer falls through By Investing.com