News: BHP Anglo American PLC Rejects Further BHP Proposal

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    May 22 (Reuters) - Anglo American PLC AAL.L :

    • ANGLO AMERICAN REJECTS FURTHER BHP PROPOSAL
    • PROPOSED DEAL FOR 0.8860 BHP SHARES
    • RECEIVED A THIRD UNSOLICITED, NON-BINDING AND HIGHLY CONDITIONAL TAKEOVER PROPOSAL FROM BHP GROUP LIMITED
    • LATEST PROPOSAL INCLUDES SAME HIGHLY COMPLEX STRUCTURE AS PROPOSALS PREVIOUSLY REJECTED ON 26 APRIL 2024 AND 13 MAY 2024
    • ANGLO AMERICAN BOARD CONCERNED OVER BHP OFFER STRUCTURE
    • BOARD IS CONFIDENT IN ANGLO AMERICAN'S STANDALONE FUTURE PROSPECTS
    • ANGLO AMERICAN SETS PUSU DEADLINE FOR BHP OFFER TO MAY 29
    • COMPLEX PROCESS PROPOSED BY BHP IS LIKELY TO TAKE 18 MONTHS OR MORE TO COMPLETE AND CARRIES SIGNIFICANT EXECUTION RISKS
    • WILLING TO CONTINUE TO ENGAGE WITH BHP AND ADVISERS ON THIS TOPIC AND HAS THEREFORE REQUESTED A 1 WEEK EXTENSION TO PUSU DEADLINE
    • TERMS OF LATEST PROPOSAL REPRESENT A TOTAL VALUE OF £29.34 PER ANGLO AMERICAN SHARE

 
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Last
$39.87
Change
0.000(0.00%)
Mkt cap ! $202.3B
Open High Low Value Volume
0.0¢ $40.03 $39.68 $15.96M 398.4K

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Price($) Vol. No.
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