JOHANNESBURG/LONDON (Reuters) -BHP was struggling to find common ground with Anglo American on Tuesday in talks over its takeover offer, with no new concessions as a deadline nears for the world's biggest miner to submit a binding offer, five sources said. Anglo granted its bigger rival a one week extension until 1600 GMT on Wednesday to its original May 22 deadline to submit a binding offer, after rejecting a third takeover proposal that had been dismissed as difficult to execute. The latest BHP offer values Anglo at 29.34 pounds per share or 38.6 billion pounds ($49.38 billion) and is contingent on Anglo unbundling its South African platinum and iron ore assets - Anglo American Platinum and Kumba Iron Ore.
BHP and Anglo Dig in Even as Takeover Talks Deadline Nears, Sources Say usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
LONDON -Mining company Antofagasta raised shareholder returns on Thursday after posting a 7.5% rise in half-year profit as higher copper sales more than offset lower prices for the metal used in. -Today at 02:41 am- MarketScreener