Anglo American enters talks with BHP after rejecting $49bn bid
Anglo American Plc cautiously considers a monumental offer from BHP Group, marking a potential watershed moment in mining history. Amidst objections to the complex terms, negotiations pivot around Anglo's South African assets. The tense standoff unfolds against a backdrop of soaring copper prices and strategic restructuring plans. As industry giants jostle for dominance, the outcome could reshape the landscape of global mining. Will Anglo succumb to BHP's advances, or forge its own path forward?
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By Thomas Biesheuvel, Paul-Alain Hunt and William Clowes
Anglo American Plc agreed to enter talks with larger rival BHP Group after rejecting a third proposal worth about $49 billion, opening the door for the first time to what would be the biggest mining deal in over a decade.
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