Why the BHP Share Price Plummeting Today?
The BHP Group Ltd ( ASX: BHP ) share price has taken a noticeable hit following the company's third attempt to acquire Anglo American. Closing at $46.24 yesterday, BHP shares have dropped to $44.96 in morning trade on Thursday, marking a 2.8% decrease. Meanwhile, the broader S&P/ASX 200 Index (ASX: XJO) has also seen a decline, albeit a smaller one of 0.9%. Image Credit: Pexels BHP's Persistent Pursuit of Anglo American The drop in BHP's share price comes amidst its ongoing multi-billion dollar takeover bids for Anglo American. BHP has made three offers so far, all of which have been swiftly rejected by Anglo's board. The latest offer, valued at approximately $74 billion, is no exception. BHP's interest primarily lies in Anglo's copper assets. If successful, this acquisition would position BHP as the world's leading copper producer. BHP has also signaled plans to divest some of Anglo's other assets, including its South African platinum and iron ore ...