BHP and Anglo dig in even as takeover talks deadline nears, sources say
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 28 2024
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Source: reuters
- Struggle for Common Ground: BHP is struggling to reach an agreement with Anglo American on a takeover offer, with no new concessions as the deadline approaches.
- Deadline Extension: Anglo granted BHP a one-week extension to submit a binding offer after rejecting a third proposal.
- Contentious Issues: Talks are ongoing to resolve issues over the deal structure, which includes unbundling South African assets.
- Investor Perspectives: Some of Anglo's top investors believe BHP is not willing to change the deal's value and structure.
- Deal Complexity: Anglo finds BHP's proposed structure difficult to implement and eroding in value, while BHP sees its offer as generous considering potential synergies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
