Deals
BHP and Anglo Remain Split on South Africa as Time Runs Out
- Anglo still sees risks and potential costs in BHP structure
- BHP has until 5 p.m. on Wednesday to commit to an offer
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With just hours left on the clock, advisers for BHP Group and Anglo American Plc were still struggling to find a breakthrough to salvage BHP’s ambitious $49 billion takeover plan.
BHP has until 5 p.m. London on Wednesday to commit to an offer, after Anglo agreed to extend a previous cutoff to allow for discussions. The two sides were getting closer on a value for a potential deal, Bloomberg reported last week, and BHP Chief Executive Officer Mike Henry has jetted into London for last-ditch meetings with investors ahead of the deadline.