Reported 4 months ago
Anglo American Plc has announced that it will not extend the deadline for BHP Group to commit to a takeover offer, potentially ending the $49 billion pursuit. The decision comes after Anglo rejected BHP's proposals to partly break up and acquire the company, with disagreements over deal structure unresolved. BHP must now decide whether to make a firm offer without Anglo's board support or walk away for six months, with Anglo's shares falling after the announcement.
Source: YAHOO