Reported 5 months ago
BHP is facing challenges in acquiring Anglo American's copper assets as investors demand a simpler offer or a cash sweetener. Anglo has given BHP additional time to present a binding offer after rejecting previous proposals, citing undervaluation and execution difficulties. BHP's deal for Anglo's copper assets faces pushback from the board and investors seeking a larger payout, testing BHP's commitment to acquiring these valuable assets in Latin America. The article highlights the complexities and uncertainties surrounding the deal as the deadline approaches.
Source: YAHOO