The talks between BHP Group's (
BHP.L) proposed mining merger with Anglo American (
AAL.L) have been ongoing for some time now. However, interestingly, key shareholders, including BlackRock, have urged Anglo American to extend discussions with BHP Group regarding the proposed £38.6 billion ($49.18 billion) mining merger, according to a report by the Financial Times on Saturday.
This news indicates a significant (and possibly panicked) vested interest from BlackRock, Ninety One and Sanlam Investments for the merger to go ahead.
BHP, the world’s largest publicly traded mining company, now has until May 29 to present a definitive bid for Anglo American. If it fails to do so (as we at investorAi believe probably will happen), BHP wi ...
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