Anglo American shares surge after BHP proposes £31.1bn takeover – business live

BHP’s proposal to buy Anglo American is a “monster” deal, says analyst Neil Wilson of Markets.com. He explains: Anglo shares jumped 11% at the open. Anglo has not had a great year – the rally this morning has erased the losses of the last 12 months, just. It’s got the assets but is not maybe doing as well as it might; in December the company downgraded its production targets. BHP clearly wants the copper assets – it’s not long after …