Anglo American share price shows traders want a sweeter bid

Traders are pushing Anglo American Plc shares above the value of BHP Group’s takeover proposal, a sign they expect a higher bid from the suitor or an interloper. BHP’s proposal, which values the target at £31.1-billion ($38.9-billion), has several moving parts — it calls for Anglo shareholders to receive BHP shares, plus stock in two listed Anglo units that would be spun off.