BHP Group s
$43 billion takeover proposal for smaller rival Anglo American
needs a meaningful revision, Anglo s second-biggest
investor said on Wednesday, as the clock ticks for the world s
No.1 miner.
Anglo American rejects new £39bn BHP bid but parties seek deal resolution in the 'next seven days' cityam.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cityam.com Daily Mail and Mail on Sunday newspapers.
Time Running Out for BHP's Anglo American Bid oilprice.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oilprice.com Daily Mail and Mail on Sunday newspapers.
The world’s top diversified miner BHP has made a third unsolicited conditional takeover proposal for smaller rival Anglo American on Wednesday, only hours before its initial deadline for a formal takeover offer expired.
However, the board of London-listed Anglo American rejected the latest proposal of 29.34-pounds a share and agreed to an extension to the date by which BHP is required under UK Takeover rules to announce a firm intention to make an offer.