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...They previously had unlimited liability for risks, which led to huge financial losses after a surge of asbestos claims in the 1990s....
...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 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....
...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...
...BHP has proposed a £31bn deal to buy Anglo American, one of its largest rivals, in a deal that would mark the mining sector’s biggest on record....
...This state-by-state strategy had previously been attempted by tobacco and asbestos companies when facing a wave of lawsuits, said Daniel Hinkle, senior state affairs counsel for the American Association...
...“The BHP proposal is opportunistic and fails to value Anglo American’s prospects,” said Stuart Chambers, chair of Anglo American....
...Since most large American entities touch the Golden State, this will suck 8,000 companies into the net, according to Crunchbase estimates....
...The letter says that: “Manufacturers and users of PFAS chemicals are exposed to deep liability and insurance risks, reminiscent of those historically linked to asbestos.”...
...The two companies could perhaps share infrastructure for their metallurgical coal mines in Queensland Australia. Both have iron pellet businesses in Brazil....
...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....
...The lawsuits have drawn comparisons with past “toxic torts” regarding substances such as asbestos and tobacco, rattling investors and insurers....
...BHP Billiton was formed in 2001 through a merger between BHP and South African company Billiton. Read more here....
...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....
...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...
...Nicolai Tangen, chief executive of the $1.6tn fund, told the Financial Times it was “worrisome” that American companies were outpacing their European rivals on innovation and technology, leading to vast...
...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....
...“It’s almost like having that little taste of an American dream from the comfort of your own home.”...
Japanese company targets American market with its biggest-ever acquisition
...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....
...Nippon Steel has agreed to buy US Steel in a $14.9bn deal, as the Japanese group targets the American market with its largest-ever acquisition....
...Companies buying into South Africa’s mining sector “have systematically got rid of the South African assets, so really the question we should be asking our minister is why do these companies keep on getting...
...From the bank: - American Water (AWK) expects 100+ of its existing drinking water treatment facilities (a 3-4x increase) will need to be upgraded to provide PFAS removal capability....
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