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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.

BCP eyes student vote revival

UB politics shapes future leaders

DIS officers seek tribunal authority over Magosi

DIS officers reject Magosi’s defence over P7.4m payout

DIS in P 1.5m employees money theft accusation

Botswana bets on gas mining boost for flagging economy

Mupane creditors grow uneasy as appeal drags on

UDC NEC to reconvene post leadership changes

Botswana must not be a flag of convenience for rogues