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BHP Bids For Anglo American: Cheap Copper (The Big Point)

Professor Glenn A. Okun

The Rabid Capitalist: The Big Point is a brief summary of a detailed note available to paid subscribers.

Yesterday, BHP offered to acquire Anglo American at approximately $38.8 billion, which included a premium of about 31%.  This proposal exemplifies the strategic importance of copper.  The deal would allow BHP to acquire copper reserves inexpensively.

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