BHP walks away from Anglo deal
BHP confirms it has not been able to reach an agreement on its Anglo offer
29 May 2024 - 17:45
UPDATED 29 May 2024 - 18:50
London — Mining group BHP Group on Wednesday walked away from its $49bn plan to take over rival Anglo American, which rejected a last-ditch request for more time, ending for now its six-week pursuit.
Anglo had granted BHP a one-week extension until 4pm 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...
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