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Related Special Reports
...between two companies”....
...However, the SFO is also reviewing cases that used a tool from its old provider, Autonomy Introspect....
...company G4S last year....
...Arbitration, negotiation through lawyers and roundtable meetings, are all other tools at warring couples’ disposal....
...Additional reporting by Suzi Ring in London...
...Investors believe mining company Anglo American is set to be bought or broken up even after the 107-year-old London-listed group rejected a £31bn hostile takeover approach from Australian rival BHP....
...“The BHP proposal is opportunistic and fails to value Anglo American’s prospects,” said Stuart Chambers, chair of Anglo American....
...London-listed shares in Anglo American have been down by more than a third since the start of last year, putting its market capitalisation at £29bn, as the company’s De Beers diamond division and platinum...
...The Melbourne-based company proposed that Anglo American investors receive 0.7097 BHP shares for each share in the London-based company, valuing the company at £31.1bn....
...It’s quite a precedent to be setting — the China Chamber of Commerce to the EU has already said it is “gravely concerned” — and it underlines the potential power of the European Commission’s new tools....
...Duncan Wanblad took the helm of Anglo American in mid-2022 just as the South African miner reached a record market capitalisation of more than £50bn....
...The problem for them is that parts of Congress and the US foreign policy establishment increasingly view the platform as a Chinese tool to manipulate American minds, either directly or by stoking dissent...
...It is a forced divestiture, and hopefully, a precedent on foreign corporate ownership of tools that can reach hundreds of millions of Americans....
...Sales of higher-margin combustion engine vehicles help with cash flows while the legacy European companies invest in electric models. The question is how long the breathing space will last....
...The $1.6tn fund’s chief executive told the FT it was “worrisome” that American companies were outpacing their European rivals on innovation and technology, leading to vast outperformance of US shares in...
...That would give the company an incentive to build a network that would otherwise not be available to consumers....
...US activist hedge fund Elliott Management has built a $1bn stake in UK-listed mining group Anglo American amid a £31bn ($39bn) approach for the company by BHP....
...BHP’s potential bid for fellow miner Anglo American threatens to put a dent in that hard built reputation....
...Why does BHP want to own Anglo American? It doesn’t, it wants to own some of Anglo American, specifically the bits that don’t need fixing....
...BHP has proposed a £31bn takeover of Anglo American that would bring together two global mining companies and rank as one of the industry’s largest transactions in years....
...“Humans are going to have better tools. We’ve had better tools before,” he said. But even he acknowledged the need for risk management....
...The software tool from its old provider, Autonomy Introspect, first came to light in 2022 and contributed to the collapse of its prosecution against three former executives at security company G4S last year...
...Anglo American’s largest shareholders have criticised BHP’s £31bn proposal to take over its London-listed rival as an “opportunistic” bid that substantially undervalues the company....
...“It’s almost like having that little taste of an American dream from the comfort of your own home.”...
...BHP Billiton was formed in 2001 through a merger between BHP and South African company Billiton. Read more here....
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