The Stock of the Day is BHP (BHP)

BHP (BHP) is proposing a $939B takeover of Anglo American, a move that would merge two of the world's leading mining companies and culminate in one of the most monumental transactions the mining industry has seen in years. BHP articulates that the merger will exploit Anglo's formidable assets and increased growth potential, integrating these with their own surfeit of high-margin, cash-generative assets and growth projects. However, this initiative is conditional and non-binding, with Anglo American reportedly finding the offer unappealing. Despite the potential benefits, BHP's share price has dropped 4.5%. Our experts, Claude Walker from A Rich Life and Luke Winchester from Merewether Capital, share their views on BHP. Luke says that from a thematics perspective, he can see why this is a compelling argument with demand for copper expected to grow over time. He mentions BHP's M&A history as a reason why the market may be reacting negatively to this news. Claude says he likes the copper thematic too but probably wouldn't want exposure to it via a big company like BHP. So will it be a buy, hold or sell?

Watch the full episode here: https://ausbiz.co/thecall-2604

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