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Investing.com -- BHP Group (LON:BHPB) has said it needs more time to hold negotiations with Anglo American, as a deadline for the Australian miner to submit a formal takeover offer for its rival loomed large.
Last week, London-listed Anglo (LON:AAL) rejected a bid from BHP that was reportedly worth 38.6 billion pounds ($49.20 billion). The firms now have until 5 p.m. London time on Wednesday to reach an agreement, following a week-long extension of a prior deadline.
In a statement to Australia...
>>> Read more: Anglo rejects BHP request for extension to $49 billion takeover talks deadline
Last week, London-listed Anglo (LON:AAL) rejected a bid from BHP that was reportedly worth 38.6 billion pounds ($49.20 billion). The firms now have until 5 p.m. London time on Wednesday to reach an agreement, following a week-long extension of a prior deadline.
In a statement to Australia...
>>> Read more: Anglo rejects BHP request for extension to $49 billion takeover talks deadline
