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BHP seeks extension as crunch time for $49 billion Anglo bid approaches

LONDON/JOHANNESBURG/MELBOURNE (Reuters) -Anglo American on Wednesday rejected BHP Group's last-ditch request for more time to discuss a $49 billion takeover offer, dismissing it as highly complex and likely ending a five-week pursuit by the bigger rival. Anglo had granted BHP 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 it dismissed as difficult to execute. It did not immediately respond to a request for comment, but has previously indicated it would not make a hostile bid.

BHP seeks more time over $49bn offer for Anglo American

BHP Group on Wednesday said it needed more time to engage with Anglo American, a week after the London-listed miner rejected BHP's £38.6-billion ($49.20-billion) offer ahead of a final bid deadline later in the day. In a statement to Australia's securities exchange, BHP outlined commitments to reduce regulatory risk in South Africa blocking the deal.

BHP seeks extension as crunch time for $49 billion Anglo bid approaches By Reuters

Anglo rejects BHP's last-ditch attempt to continue takeover talks

BHP seeks more time ahead of $49 billion Anglo bid deadline

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