Good morning, Mining giant BHP has made a bold play to dramatically expand its copper portfolio, lobbing a $40.5bn bid for Anglo American in what is likely to be the biggest global resources deal this year. Anglo American's shares have only just begun recovering from a horror year where they almost halved in value, making the London-based company vulnerable to a takeover from BHP or even a counter offer from Rio Tinto or Glencore. The Australian Shareholders’ Association plans to oppose the re-election of Jack Teoh, son of TPG founder David Teoh, at the company's AGM next week due to his “minimal experience” in the telco industry and on ASX-listed boards. |