BHP Aug 2024 100.000 call
- Bloomberg
Anglo Won’t Extend BHP Deadline, Threatening $49 Billion Bid
(Bloomberg) -- Anglo American Plc said it won’t give BHP Group any further time to commit to a takeover offer, threatening to end a $49 billion pursuit by the world’s biggest mining company. Most Read from BloombergWall Street Returns to T+1 Stock Trading After a CenturyWorld’s Largest Nuclear Plant Sits Idle While Energy Needs SoarTreasuries Hit as US Sales Struggle to Lure Buyers: Markets WrapNew BYD Hybrid Can Drive Non-Stop for More Than 2,000 KilometersFor Private Credit’s Top Talent, $1 Mi
- Associated Press Finance
Mining giant BHP pledges to invest in South Africa economy as it seeks support for Anglo bid
Australian mining giant BHP Group on Wednesday pledged to invest in South Africa's economy as it seeks support for a 38.6 billion pound ($49.3 billion) bid to acquire Anglo American, which was founded in the country more than a century ago and remains one of its biggest employers. London-based Anglo American last week rejected BHP’s latest offer, raising concerns about its complex structure. The proposed deal would require Anglo American to spin off two South African units, Anglo American Platinum and Kumba Iron Ore, as BHP seeks to focus on copper and other products expected to benefit from a transition to green energy.
- PA Media: Money
Anglo American rejects BHP calls to extend takeover talks deadline
The companies have been in talks over a deal worth almost £39 billion since Wednesday May 22.
