BHP-Anglo Deal Is Off---the Mining Land Grab Is Still On
The world's most valuable mining company couldn't persuade Anglo American to sell, but the story doesn't end here.
BHP shares open slightly lower after walking away from $49 bln Anglo takeover deal
The Australian listed shares of BHP Group dipped 0.7% on Thursday, after the mining giant walked away from its $49 billion plan to take over rival Anglo American , ending for now its six-week pursuit.
BHP walks away from $49 billion takeover offer for Anglo American
BHP Group said on Wednesday it did not intend to make a formal offer for Anglo American , walking away from its $49 billion takeover deal, after the London-listed rival refused to extend the bid deadline.
BHP walks away from Anglo American talks
BHP Group Ltd (LSE:BHP, ASX:BHP) decided to ditch its takeover offer for Anglo American PLC after it turned down a request for more time. The deadline for the Australian mining giant to make a firm offer or walk away was 5pm today, and it chose the latter.
Anglo American Denies BHP Request to Extend Deadline Over $50B Offer
Takeover talks between two of the world's largest mining companies appear to be over for now as Anglo American said that it will not provide BHP Group (BHP) with another extension to address issues with the latest offer it rejected last week, meaning the companies' negotiation deadline is Wednesday afternoon.
5 Things to Know Before the Stock Market Opens
Anglo American says it won't give rival mining giant BHP Group (BHP) more time to commit to buying it, signaling an end to the roughly $50 billion bid; Marathon Oil (MRO) shares are surging after ConocoPhillips (COP) acquires it for $22.5 billion including debt; Salesforce (CRM) is due to report higher top- and bottom-line first-quarter results after the bell, with investors watching for growth in the company's data cloud segment and any updates related to artificial intelligence (AI); American Airlines (AAL) shares are tumbling in premarket trading after it lowered its second-quarter guidance and announced a key executive departure; and the International Monetary Fund (IMF) raises its forecast for China's growth for 2024 and 2025, citing strong first-quarter GDP and stimulus measures by Beijing. U.S. stock futures are falling.
Anglo American shares slip as firm doesn't want to give BHP more time for deal
Anglo American shares AAL, +0.45% slipped in London trade, after the metals producer said it doesn't support BHP Group's BHP, +2.10% request to extend takeover talks deadline. BHP has until 5 p.m.
Anglo American rejects BHP's last-ditch attempt to continue takeover talks
Anglo American on Wednesday rejected BHP Group's last-ditch request for more time to discuss a $49 billion takeover offer, dismissing it as highly complex and ending a five-week pursuit by the bigger rival.
BHP wants bid deadline extension after offering 'socio-economic concessions'
Anglo American PLC (LSE:AAL) suitor BHP Group Ltd (LSE:BHP, ASX:BHP) has requested an extension to its 'put up or shut up' takeover deadline as it offered new concessions, including a potential 'reverse break fee', and wants to continue talks. Last week Anglo and BHP agreed on an extension to the deadline for BHP to make an offer to 29 May.
BHP Group wants extension to $49 billion Anglo American takeover talks as deadline looms
BHP Group on Wednesday requested an extension to talks with takeover target Anglo American as the deadline for discussions looms.
BHP proposes socioeconomic measures to ease Anglo American's concerns over $49 bln bid
BHP Group said on Wednesday it had proposed a range of socioeconomic measures to address the concerns of Anglo American over its 38.6 billion pounds ($49.20 billion) offer, and that it believes it needs more time to further engage on its proposal.
Rio Tinto, BHP to collaborate on electric haul truck trials in Pilbara
Top Australian miners Rio Tinto and BHP Group will work together for testing large battery-operated electric haul truck technology in the Pilbara region of Western Australia, Rio Tinto said on Monday.
