Stock Market News·2025-11-23 22:38Group 1: Anglo American and BHP Takeover Proposal - Anglo American has rejected a new takeover proposal from BHP Group, stating that the offer does not surpass the value of its existing strategic partnership with Teck Resources [2] - This rejection continues Anglo American's resistance to BHP's advances, following previous rejections of offers valued at £31 billion ($39 billion) and £34 billion in April and May 2024 [3] - A key issue in earlier bids was BHP's proposed structure, which required Anglo American to demerge its stakes in Anglo American Platinum and Kumba Iron Ore, deemed "highly unattractive" by Anglo American's board [4] - Shareholders from Anglo American and Teck are expected to vote soon on a deal to establish a new copper entity reportedly worth more than $60 billion, positioning it as a major player in the global copper market [4][8] Group 2: Commonwealth Bank Executive Change - The Commonwealth Bank of Australia has announced the departure of its Group Chief Information Officer, Gavin Munroe, who has been in the role since November 14, 2022 [5][6] - Munroe was responsible for leading strategic initiatives to strengthen the bank's IT systems and drive digital transformation during his tenure [6] - The bank has not yet announced a successor or the effective date of Munroe's departure [6]