Mergers & acquisitions
Updated
BHP Group
Anglo rejects BHP’s $74 billion third offer, but leaves door open for deal
BHP has gained a one-week extension to come up with an improved and binding takeover offer for Anglo American after its rival rejected its latest bid.
- by Simon Johanson
Latest
Clock ticking for BHP as $64 billion bid deadline looms
The resources giant has until 2am on Thursday morning, Australian time, to increase its bid for rival miner Anglo American, issue a formal binding offer, or walk away.
- by Simon Johanson
How two bizarre billionaires almost destroyed Twitter
From Jack Dorsey’s love of “salt juice” to Elon Musk’s strange decision to kill off the famous bird symbol, this is the story of how Twitter was torn apart by the actions of two men.
- by Tom Knowles
Opinion
Casinos
The kindest thing to do with Star is to find it a new owner
There will always be jackals milling around a smelly corporate carcass. But none will want to pay top dollar for this one.
- by Elizabeth Knight
Remaking BHP: the chairman and the $64 billion deal
Ken MacKenzie likely has just over two years left as BHP’s chair. A mega-deal with Anglo American would shape the legacy he leaves at the Big Australian.
- by Anne Hyland
BHP says Anglo American shareholders must decide merger fate
BHP boss Mike Henry has thrown down the gauntlet to Anglo American’s shareholders, after the London-based miner rejected the Australian giant’s latest takeover offer.
- by Simon Johanson
Opinion
Opinion
Diamonds for sale: Inside the plan to crash BHP’s $64 billion party
Anglo American chief Duncan Wanblad has shown his hand as the company tries to fight off BHP. His Plan B looks a lot like BHP’s Plan A.
- by Stephen Bartholomeusz
Updated
Company mergers
Anglo to sell coal mines, other assets to fend off BHP takeover bid
BHP chief Mike Henry said he was disappointed after a $64 billion sweetened bid was immediately rejected by the London-headquartered miner.
- by Simon Johanson
Opinion
For subscribers
Shadow boxing on as BHP eyes being crowned world’s copper king
Anglo American has rejected BHP’s second, higher takeover offer. But playing hard is getting harder.
- by Elizabeth Knight
The force behind competition queen Gina Cass-Gottlieb
ACCC chair Gina Cass-Gottlieb is working harder than she ever has in her career, and the results are showing on the scoreboard, with wins including tougher merger laws, and a $120 million penalty against Qantas this past week.
- by Anne Hyland
Opinion
For subscribers
‘A joke’: The $2.2b deal with no detail that has left investors fuming
Hostilities have broken out over wealth powerhouse Perpetual’s deal to sell two of its major divisions and brand to private equity giant KKR.
- by Elizabeth Knight