BHP piles on the pressure, but Anglo rebuffs again with just hours to go
BHP says it believes there would be clear benefits to SA from Anglo Platinum and Kumba becoming stand-alone entities
29 May 2024 - 09:48
UPDATED 29 May 2024 - 13:20
With just hours to go until the “put up or shut up” deadline for BHP to submit a formal offer for Anglo American, Anglo has again rebuffed the Australian group’s merger proposal — and declined to extend the deadline even though BHP has now promised a wide range of “socioeconomic measures” to allay concerns about a deal.
That has set the stage for a knife-edge day by the end of which BHP will either walk away, or persuade Anglo to get back to the negotiating table, possibly by sweetening its all-share offer with some cash. ..
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