BHP seeks extension to $49 billion Anglo American takeover talks deadline
) has said it needs more time to hold negotiations with Anglo American, as a deadline for the Australian miner to submit a formal takeover offer for its rival loomed large.) rejected a bid from BHP that was reportedly worth 38.6 billion pounds . The firms now have until 5 p.m. London time on Wednesday to reach an agreement, following a week-long extension of a prior deadline.
BHP, the world's largest listed mining group, has put forward a range of measures to alleviate Anglo's concerns regarding the deal structure, which comprises Anglo unbundling its platinum and iron ore assets in South Africa. Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
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