BHP May 2024 50.000 put
| Previous close | 0.0300 |
| Open | 0.0300 |
| Bid | 0.0000 |
| Ask | 0.6500 |
| Strike | 50.00 |
| Expiry date | 2024-05-17 |
| Day's range | 0.0300 - 0.0300 |
| Contract range | N/A |
| Volume | |
| Open interest | 1.4k |
ReutersBHP shares fall after Anglo American rejects third proposal, extends bid deadline
BHP, the world's biggest listed mining group, now has until May 29 to make a binding offer for Anglo American or it will be forced to walk away for at least six months, under the UK's takeover rules. The May 29 deadline coincides with general elections in South Africa, where Anglo was formed and is still of significant national importance. Last week, Anglo announced plans to either spin-off or sell its less profitable coal, nickel, diamond and platinum businesses to refocus on copper.
BloombergBHP Has a Week to Convince Anglo Its South African Plan Can Work
(Bloomberg) -- BHP Group just won an extra week to convince Anglo American Plc on its $49 billion takeover plan. But the world’s biggest miner still must resolve the deal’s most intractable obstacle: What to do about South Africa?Most Read from BloombergThese Flight Routes Suffer the World’s Worst TurbulenceNvidia Delivers on AI Hype, Igniting $140 Billion Stock RallyCiti Trader Got 711 Warning Messages Before Sparking Flash CrashOne Dead After Singapore Air Flight Hit By Severe TurbulenceAfter
ReutersAnglo leaves door open to engage with BHP after spurning third offer
LONDON (Reuters) -Anglo American has agreed to a one-week extension for BHP Group to make a binding takeover offer, it said on Wednesday, after rejecting a third proposal from its rival that valued it at 38.6 billion pounds ($49.18 billion). BHP, the world's biggest listed mining group, has now made three unsuccessful offers in a month for Anglo, which has itself outlined a plan to divest its less profitable coal, nickel, diamond and platinum businesses. The structure of any deal and the fate of Anglo's businesses in South Africa remain big obstacles, with Anglo chairman Stuart Chambers highlighting concerns about completion and execution risks in BHP's proposal.
