Articles for tag: Anglos, BHP, bid, demands, investor, largest, revision

Anglo’s second largest investor demands BHP bid revision

“This would require a meaningful revision of the current BHP proposal that should take into consideration the material risks that current shareholders of both Anglo and its subsidiaries would have to assume,” the PIC said in the statement. “The PIC recognizes the positive impact of Anglo American in the South African economy and the region at large, and the company’s role in this regard should not be diminished as a result of the proposed offer by BHP,” it said.  Anglo American has twice rejected BHP’s approach, which would imply for Anglo to spin off its stakes in two South African