Reported 5 months ago
Several of Anglo American Plc’s major shareholders are backing the company’s efforts to persuade BHP Group to amend the structure of its $49 billion acquisition plan, or enhance the bid's terms to mitigate risks, before accepting any offer. Anglo has rejected BHP’s third bid, extending the negotiations deadline. The main point of contention is BHP's proposal to spin off South African units before the takeover, which Anglo sees as risky and costly, as it could take up to two years for investors to benefit. Shareholders advocate for increased offer or changes to the deal’s structure, highlighting concerns about South African regulatory uncertainties and potential demands.
Source: YAHOO