Anglo American rejects BHP's extension request for £39bn takeover bid, ending negotiations.
Anglo American has rejected BHP's request for an extension to finalize a potential £39bn ($50bn) takeover bid, marking the end of the mega deal negotiations between the two mining giants. After five weeks of talks, Anglo American's board has decided not to grant BHP further time to commit to a takeover offer. The deadline for BHP to commit to an offer or walk away for six months was set for 5 p.m. on Wednesday.
May 28, 2024
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