The Anglo American board has finally agreed to let BHP put forward the case for its now $74 billion takeover plan after the Australian mining giant upped its offer for the second time.
BHP has gained a one-week extension to come up with an improved and binding takeover offer for Anglo American after its rival rejected its latest bid.
The resources giant has until 2am on Thursday morning,Australian time,to increase its bid for rival miner Anglo American,issue a formal binding offer,or walk away.
Ken MacKenzie likely has just over two years left as BHP’s chair. A mega-deal with Anglo American would shape the legacy he leaves at the Big Australian.
The former engineer wants to improve mental health around the globe,one push-up at a time.
Lincoln Minerals has exploited high-tech gravity data to reinvigorate its hunt for uranium in SA and will expedite its plans to drill a swag of new targets.
The likes of Andrew Forrest and Gina Rinehart’s companies will receive an indirect boost to mine and process critical minerals or develop green hydrogen.
BHP boss Mike Henry has thrown down the gauntlet to Anglo American’s shareholders,after the London-based miner rejected the Australian giant’s latest takeover offer.
Anglo American chief Duncan Wanblad has shown his hand as the company tries to fight off BHP. His Plan B looks a lot like BHP’s Plan A.
BHP chief Mike Henry said he was disappointed after a $64 billion sweetened bid was immediately rejected by the London-headquartered miner.
Anglo American has rejected BHP’s second,higher takeover offer. But playing hard is getting harder.