Anglo faces pressure after playing hardball over BHP bid
Rejection of BHP bid puts scrutiny on miner's own portfolio review plan
02 June 2024 - 06:15
Anglo American will be under pressure to deliver on its proposed restructured portfolio after rejecting global mining giant BHP Billiton's $49bn (R915bn) takeover bid at the 11th hour, even with a seven-day extension meant to iron out differences on the structure of the proposed deal.
Experts are divided over whether Anglo's decision to play hardball with the Australian giant was a smart strategy in the long run. ..
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