Anglo American to enter talks with BHP after rejecting US$50b bid

(Image: Bloomberg)

Thu, 23 May 2024

By Rhiannon Hoyle and Christian Moess Laursen Anglo American rebuffed an improved roughly US$50 billion (NZ$82.1b) takeover proposal from BHP but said it would enter talks with its larger rival, opening the door to what would be the largest-ever mining deal.The London-listed mining company on Wednesday said BHP’s latest proposal, its third, was too complex and undervalued its prospects. However, Anglo did say it was willing to engage further with BHP on the topic and agreed to extend a deadline under U.K. takeover rules for its...

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