Anglo American on Wednesday rejected a request from BHP Group to extend takeover talks, as the deadline for discussions looms later in the session.
BHP Group earlier on Wednesday said it believes an extension to talks with takeover target Anglo American was necessary.
The rival miners have until 5 p.m. London time Wednesday to reach an agreement following a week-long extension of last week's deadline. Anglo American responded that its board "unanimously concluded that there is no basis for a further extension to the deadline."Shares of Anglo American fell 2.2% at market open, before paring losses slightly to trade down 1.3% at 10:36 a.m. London time. BHP stock rose 1.9%.
It remains unclear whether the proposals will be enough to push the needle on what would be the first mining mega-deal in decades.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BHP seeks extension to $49 billion Anglo American takeover talks deadlineBHP seeks extension to $49 billion Anglo American takeover talks deadline
Read more »
BHP Group wants extension to $49 billion Anglo American takeover talks as deadline loomsBHP Group on Wednesday requested an extension to talks with takeover target Anglo American as the deadline for discussions looms.
Read more »
Miner Anglo American rejects third takeover offer from rival BHP Group as talks deadline extendedAnglo American rejected a third takeover proposal from rival BHP Group on Wednesday, as the companies agreed to extend talks deadline by one week.
Read more »
BHP seeks more time over $49 billion offer for Anglo AmericanBHP seeks more time over $49 billion offer for Anglo American
Read more »
Anglo American rejects BHP’s third bid, extends deadlineNo 1 source of global mining news and opinion
Read more »
Anglo American’s battle with BHP worries a corner of EnglandNo 1 source of global mining news and opinion
Read more »