_anglo-american-to-spin-off-de-beers-diamond-business-in-major-restructuring-move-as-it-faces-takeover-pressure-from-bhp.jpg "Anglo American to Spin Off De Beers Diamond Business in Major Restructuring Move as It Faces Takeover Pressure from BHP Group from x1x group d Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:36
👁 View: 185K times
✓ Published: 15-May-2024
👁 View: 185K times
✓ Published: 15-May-2024
Description:
Anglo American plans to spin off its De Beers diamond business as part of a wider restructuring amid pressure from BHP Group's takeover advances. The mining company will also divest its steelmaking coal, nickel, and platinum divisions following a strategic review. The accelerated overhaul is seen as a defense tactic against a hostile bid from BHP after rejecting its latest $42 billion takeover offer. Selling off non-core assets could attract interest from other potential buyers for parts of the business. Shares of Anglo American fell over 3% in early Tuesday trading.
Anglo American plans to spin off its De Beers diamond business as part of a wider restructuring amid pressure from BHP Group's takeover advances. The mining company will also divest its steelmaking coal, nickel, and platinum divisions following a strategic review. The accelerated overhaul is seen as a defense tactic against a hostile bid from BHP after rejecting its latest $42 billion takeover offer. Selling off non-core assets could attract interest from other potential buyers for parts of the business. Shares of Anglo American fell over 3% in early Tuesday trading.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_sony39s-profit-drops-7-as-playstation-5-sales-fall-short-weaker-sales-expected-in-2025.webp "Sony's annual operating profit for fiscal 2023 fell 7%, dragged down by a decline in its financial services division. However, revenue increased 19% year over year. PlayStation 5 sales narrowly missed Sony's revised down target, and The Japanese gaming giant expects weaker PS5 sales in fiscal 2025. Sony restructured its gaming division, appointing new CEOs for platform and studio businesses. Sony is forecasting a 5% decline in group revenue for fiscal 2024.")
⏲ 0:36 👁 375K
_major-airlines-file-lawsuit-against-biden-administration-over-flight-fee-rule.webp "Major U.S. airlines, including American, Delta, and United, are suing the Biden administration over a new rule on flight fee transparency. The Transportation Department's rule requires airlines to disclose baggage, cancellation, and change fees earlier in the booking process. Airlines must show all fees on the first website page when quoting a flight price. The airlines' industry group argues the rule overreaches and will confuse consumers with too much information. Southwest Airlines is not part of the lawsuit, as the rule would minimally impact them due to their customer-friendly policies on baggage and reservation changes.")
_group-shows-support-auditor-general.webp "With the impasse between the Auditor General and the Finance Ministry ongoing Auditor General Jaiwantie Ramdass is getting support from two groups -- the Push Back Movement and the Stakeholders United Movement.")
_arizona-supreme-court-grants-extension-delays-enforcement-of-near-total-abortion-ban.webp "The Arizona Supreme Court granted the request from Democratic Attorney General Kris Mayes to delay enforcement of Arizona's 1864 near-total abortion ban by an additional 90 days. This pushes back the potential enforcement date from June 27th to September 26th. In the interim, abortions in Arizona are governed by a 15-week ban passed in 2022, which makes exceptions for medical emergencies but not for rape or incest. Reproductive rights groups are trying to get a constitutional amendment protecting abortion access on the November ballot.")
_govt-approves-vaccinations-for-pregnant-mothers-to-begin-by-year-end.webp "The government has approved the administration of the diphtheria, tetanus and pertussis (DTaP) vaccination to pregnant mothers, which will begin at year end, Health Minister Datuk Seri Dr Dzulkefly Ahmad said.<br/><br/>He said the vaccinations were aimed at protecting newborn babies from pertussis or whooping cough.<br/><br/>He told the media after the 2024 National Immunisation Day celebrations and the National Immunisation Summit in Putrajaya on Monday (May 13). <br/><br/>WATCH MORE: https://thestartv.com/c/news<br/>SUBSCRIBE: https://cutt.ly/TheStar<br/>LIKE: https://fb.com/TheStarOnline")
_oscar-nominee-paul-giamatti-is-joining-the-cast-of-a-newly-announced-downton-abbey-3-film.webp "After the first two films raked in fortunes at the global box office, Oscar-nominee Paul Giamatti is joining the cast of a newly-announced ‘Downton Abbey’ 3’ film.")
⏲ 1:10 👁 3.5M
_sunderland-cardiac-support-group.webp "Sunderland Cardiac Support Group")
_vice-runs-upon-seeing-a-group-exiting-the-studio-124-expecially-for-you.webp "Vice Ganda begs the Madlang people not to leave the studio.<br/><br/>Stream it on demand and watch the full episode on http://iwanttfc.com or download the iWantTFC app via Google Play or the App Store. <br/><br/>Watch more It's Showtime videos, click the link below:<br/><br/>Highlights: https://www.youtube.com/playlist?list=PLPcB0_P-Zlj4WT_t4yerH6b3RSkbDlLNr<br/>Kapamilya Online Live: https://www.youtube.com/playlist?list=PLPcB0_P-Zlj4pckMcQkqVzN2aOPqU7R1_<br/><br/>Available for Free, Premium and Standard Subscribers in the Philippines. <br/><br/>Available for Premium and Standard Subcribers Outside PH.<br/><br/>Subscribe to ABS-CBN Entertainment channel! - http://bit.ly/ABS-CBNEntertainment<br/><br/>Watch the full episodes of It’s Showtime on iWantTFC:<br/>http://bit.ly/ItsShowtime-iWantTFC<br/><br/>Visit our official websites! <br/>https://entertainment.abs-cbn.com/tv/shows/itsshowtime/main<br/>http://www.push.com.ph<br/><br/>Facebook: http://www.facebook.com/ABSCBNnetwork<br/>Twitter: https://twitter.com/ABSCBN <br/>Instagram: http://instagram.com/abscbn<br/> <br/>#ABSCBNEntertainment<br/>#ItsShowtime<br/>#ShowtimeInitNgLove")
_sony39s-profit-drops-7-as-playstation-5-sales-fall-short-weaker-sales-expected-in-2025.jpg)
_major-airlines-file-lawsuit-against-biden-administration-over-flight-fee-rule.jpg)
_group-shows-support-auditor-general.jpg)
_arizona-supreme-court-grants-extension-delays-enforcement-of-near-total-abortion-ban.jpg)
_govt-approves-vaccinations-for-pregnant-mothers-to-begin-by-year-end.jpg)
_oscar-nominee-paul-giamatti-is-joining-the-cast-of-a-newly-announced-downton-abbey-3-film.jpg)
_sunderland-cardiac-support-group.jpg)
_vice-runs-upon-seeing-a-group-exiting-the-studio-124-expecially-for-you.jpg)
![[+]](/images/menu.gif){kind=small}