Original article by Peter Ker
The Australian Financial Review – Page: 18 : 7-May-24

Argo Investments’ Andy Forster believes that BHP’s takeover bid for Anglo American makes sense, but he adds that BHP will need to sweeten its bid in order to gain the target’s support. He adds that BHP must adopt a "disciplined" approach to the takeover bid. Wilson Asset Management has also expressed support for BHP’s takeover bid; WAM Leaders Fund portfolio manager Matt Haupt notes that Anglo American’s copper assets will generate synergies for BHP, and he believes that the latter has the capacity to increase its offer by 5-10 per cent.

CORPORATES
BHP GROUP LIMITED – ASX BHP, ANGLO AMERICAN PLC, ARGO INVESTMENTS LIMITED – ASX ARG, WILSON ASSET MANAGEMENT, WAM LEADERS LIMITED – ASX WLE