Anglo American agrees to takeover talks with BHP
FTSE mining giant to begin negotiations with rival to find a simpler deal
Stay updated with breaking news from Stuart Chambers. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
FTSE mining giant to begin negotiations with rival to find a simpler deal
Anglo American PLC on Wednesday rejected a third takeover proposal from BHP Group Ltd but gave the Melbourne-based miner another seven days to formalise a bid. Shares in Anglo American rose 0.2% to...
Anglo American said on Wednesday that it has rejected a third and final takeover proposal from Australia’s BHP which values the miner at £38.6bn.
Interest rates will be cut in August, according to major investment banks, even after inflation came in higher than expected last month.
Anglo - whose empire includes De Beers diamonds - has given its larger rival another week to thrash out the terms of a deal.