Reported 4 months ago
BHP Group and Anglo American Plc are facing a tight deadline to salvage BHP's $49 billion takeover plan, with just hours left to find a breakthrough. The main hurdle remains BHP's complex transaction structure, with Anglo arguing that spinning off its South African assets creates too much risk for its investors. Despite ongoing discussions, a resolution has not been reached, and BHP is likely to need another extension to keep the bid alive. The outcome of these talks will have significant implications for the mining industry, with the potential for BHP to become a dominant player if the deal is successful.
Source: YAHOO