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.
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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.
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.
ACCC chair Gina Cass-Gottlieb is working harder than she ever has in her career,and the results are showing on the scoreboard,with wins including tougher merger laws,and a $120 million penalty against Qantas this past week.
Hostilities have broken out over wealth powerhouse Perpetual’s deal to sell two of its major divisions and brand to private equity giant KKR.