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BHP and Anglo dig in even as takeover talks deadline nears, sources say,

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. ....

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BHP and Anglo dig in even as takeover talks deadline nears, sources say

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. ....

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BHP and Anglo Dig in Even as Takeover Talks Deadline Nears, Sources Say

BHP and Anglo Dig in Even as Takeover Talks Deadline Nears, Sources Say
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