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Deadline looms for BHP in Anglo deal

Tuesday, May 21, 2024 | 890 Views |

New beginnings: De Beers' shareholding is set to change

The world’s largest mining group, BHP, has until the end of business tomorrow to make a third and final substantive offer to wholly take over Anglo American, the 85% shareholder in De Beers.

According to the Takeover Code, BHP has until 1700hrs British time to make a substantive offer to Anglo, a principle known as “put up or shut up”. The Code is governed by the Takeover Panel, a British-based independent organisation which supervises and regulates takeovers.

According to the Code, should BHP choose not to make a substantive offer, it will have to announce that it does not intend to make an offer.

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Deadline looms for BHP in Anglo deal

The world’s largest mining group, BHP, has until the end of business tomorrow to make a third and final substantive offer to wholly take over Anglo American, the 85% shareholder in De Beers.

BERA sets date for BPC tariff hearing

Boko pushes direct presidential vote

Customary law not recognised in Constitution – Boko

Pedestrian killed in road accident at Metsimotlhabe

Kazungula woman fights crocodile to save fellow fisher's life

Gootau resident dies in road mishap

Police probe Ledumadumane death incident

Smuggling, fronting shake school uniform industry

Uphold our school uniform rules now