According to Britain’s Guardian newspaper, “Brazilian mining giant Vale is eyeing a possible takeover of British rival Anglo American, led by Cynthia Caroll…Although Carroll is keen to retain the company’s independence, Anglo-American’s big shareholders are willing to accept an offer if it is pitched high enough, say City sources.”
It appears Carroll (or the Queen Bee as she has been recently dubbed by Forbes Magazine) might be on the verge of losing control of the hive. What a stinging revelation that must bee! Enough with the groaners? Alright, we’ll move on…
Although Vale’s plan has undoubtedly been in the works for a while, events accelerated quickly last week as the company announced it would sell approximately $15 billion in new shares in order to fund upcoming takeover projects and possibly prepare for an upcoming mega-merger with Freeport-McMoran (US) and Alcoa (Canada).
Vale is already the world’s largest iron ore producer and acquiring Anglo brings diversification into the field of diamonds, gold, platinum and other base metals.
We don’t really know what this takeover would mean for Anglo’s Pebble mine scheme, but if history has taught us anything it is that these mineral outfits most often turn out to be wolves of different coats – they’re all still bent on lambing. Bristol Bay isn’t out of the woods yet.
It appears Carroll (or the Queen Bee as she has been recently dubbed by Forbes Magazine) might be on the verge of losing control of the hive. What a stinging revelation that must bee! Enough with the groaners? Alright, we’ll move on…
Although Vale’s plan has undoubtedly been in the works for a while, events accelerated quickly last week as the company announced it would sell approximately $15 billion in new shares in order to fund upcoming takeover projects and possibly prepare for an upcoming mega-merger with Freeport-McMoran (US) and Alcoa (Canada).
Vale is already the world’s largest iron ore producer and acquiring Anglo brings diversification into the field of diamonds, gold, platinum and other base metals.
We don’t really know what this takeover would mean for Anglo’s Pebble mine scheme, but if history has taught us anything it is that these mineral outfits most often turn out to be wolves of different coats – they’re all still bent on lambing. Bristol Bay isn’t out of the woods yet.
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