Anglo faces pressure after playing hardball over BHP bid

Rejection of BHP bid puts scrutiny on miner's own portfolio review plan

02 June 2024 - 00:00
By Dineo Faku

Anglo American will be under pressure to deliver on its proposed restructured portfolio after rejecting global mining giant BHP Billiton's $49bn (R915bn) takeover bid at the 11th hour, even with a seven-day extension meant to iron out differences on the structure of the proposed deal.

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