Anglo Investors Tell Company to Move Faster to Survive BHP Bid

-- Anglo American Plc’s shareholders are pushing the company to speed up the release of its turnaround plan as the 107-year-old miner seeks to present an alternative to BHP Group Ltd.’s takeover bid.Jim Simons, Code Breaker Who Mastered Investing, Dies at 86

Still, the situation remains fluid and Anglo is weighing the best time to show its hand, with BHP expected to return with a fresh bid and activist investor Elliott Investment Management, which has emerged as one of Anglo’s biggest shareholders, potentially planning to make its views public too.Read more: South African Unions Urge Anglo Holders To Reject BHP Bid

Investors have pushed the company to slow spending on Woodsmith, bring in a partner, or even halt development altogether, some of the people said. The company is currently spending about $1 billion a year on the project. These two top no-brainer utilities stocks could be among the best picks in the market for long-term investors looking for reliable total returns. The post 2 No-Brainer Utilities Stocks to Buy With $1,000 Right Now appeared first on The Motley Fool Canada.Tesla's head of product Rich Otto announced this week that he has left the EV maker after seven years. Otto's departure is only the latest in a string of key executive resignations.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Anglo Investors Tell Company to Move Faster to Survive BHP BidAnglo American Plc’s shareholders are pushing the company to speed up the release of its turnaround plan as the 107-year-old miner seeks to present an alternative to BHP Group Ltd.’s takeover bid.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Ferrari Owner Exor’s Boss Is Telling Investors That His Company Still Loves CarsExor NV, the holding company of Italy’s billionaire Agnelli family, told investors Thursday that even after years of active diversification, cars remain its first love.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

AI chip darling AMD struggles to impress Wall Street this earnings seasonInvestors weren't impressed with the company's growth forecast amid the AI rally.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »