Anglo American Firmly Rejects BHP's Sweetened Bid Despite Entering Talks

Wednesday, 22 May 2024, 16:01

BHP made an 'increased and final' offer of £31.11 a share for Anglo American, valuing the company at £38.6bn. Despite this attempt to create a global mining powerhouse, Anglo American has rebuffed BHP's third takeover bid, signaling a firm stand against the acquisition. The FTSE 100 miner has agreed to engage in talks with the larger rival, but the original offer has not swayed Anglo American's stance, highlighting a tense battle for control.

https://store.livarava.com/e7ab6119-189e-11ef-a3d3-9d5fa15a64d8.jpg — Anglo American Firmly Rejects BHP's Sweetened Bid Despite Entering Talks

Anglo American Defends Against BHP's Final £38.6bn Takeover Offer

Australian firm says £31.11 a share is its final offer, but FTSE 100 miner agrees to enter talks with larger rival. BHP made an increased and final bid of £31.11 a share for Anglo, which values the FTSE 100 company at £38.6bn, earlier this week.

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