Reported 5 months ago
BHP Group's shareholders believe that a $49 billion takeover of Anglo American Plc is within reach as talks commence, with Anglo American rejecting a third approach but agreeing to negotiations and granting an extension for a binding bid. BHP sweetened its all-share proposal, but the key sticking point remains the complexity of the deal, particularly the requirement for Anglo to spin off its South African iron ore and platinum businesses before being acquired. Investors are cautiously optimistic about the deal's likelihood of success, although some express concerns about the size and potential complications of the transaction.
Source: YAHOO