BHP has clarified that recent comments from its chair, Ken MacKenzie, regarding the company 'moving on' from its failed attempt to acquire Anglo American, were not an official statement of intent to not make a renewed bid. While MacKenzie's remarks at the company's annual general meeting were widely interpreted as signaling an end to BHP's pursuit of Anglo American, the miner stressed that they did not constitute a binding statement under UK takeover rules. BHP remains subject to a six-month standstill period after formally withdrawing its bid on May 29, 2024, during which it cannot make a new offer.
BHP has not officially stated it will not make a renewed bid for Anglo America, the company said, in response to press reports that the company had fully walked away from the deal. This week, BHP chair Ken MacKenzie told the company's annual general meeting in Brisbane that the company had "moved on" from its failed attempt to buy Anglo American . "We made an approach to Anglo American earlier this year," MacKenzie said on Wednesday.
"These comments were taken as the clearest sign yet that BHP would not make a renewed offer for Anglo American. Speculation had been spurred.But the miner has clarified that comment made by MacKenzie were not an official statement of intent to not make an offer. "BHP clarifies that these comments were not intended to be a statement to which Rule 2.
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