BHP abandons bid to takeover Anglo American after multiple rejections
Publishing timestamp: 2024-05-29 13:33:17
Summary
BHP Group will not be making a firm offer for Anglo American after the latter rejected a request to extend takeover talks. BHP's latest offer included socioeconomic measures to address concerns, but Anglo American's board concluded there was no basis for further extension. The pressure is on Anglo to accept the offer, which could lead to the first mining mega-deal in years.
Sentiment: MIXED
Keywords: business, anglo american plc, business news, bhp group ltd,