Anglo extension opens the door for BHP takeover
Anglo American has opened the door for BHP to produce an offer compelling enough to finally clinch a takeover of the company.
While Anglo on Wednesday announced it had rejected a third unsolicited takeover proposal from the world's largest miner, which valued it at close to R900 billion, it has given the group a week to engage further. In terms of UK takeover rules, BHP had until 17:00 on Wednesday to submit a firm offer of intention for Anglo. Anglo’s board did not accept a revised proposed offer, but it has granted BHP a week's extension to engage further. South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we're about to enter a new chapter of fearless journalism.
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