Anglo’s Quellaveco copper mine is among those key assets which BHP seeks to acquire. (Image supplied)
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. Join our free subscription trial to unlock this story and a world of news aimed to inform, empower, and inspire.
