The Board of Anglo American (AAUKY.PK, AAL.L) has issued a formal statement in response to BHP's (BHP.AX, BLT.L, BBL, BHP) announced update regarding its potential offer for Anglo American. The statement underscores that BHP has failed to address the Board's primary concerns about the disproportionate execution risk inherent in the proposed structure and the ultimate value to be realized by Anglo American's shareholders.
After careful consideration, the Board of Anglo American concluded unanimously that there is no justification for further extending the PUSU deadline. On May 22, 2024, the Board granted a seven-day extension to the PUSU deadline, moving it to May 29, 2024.
