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International Business Times
International Business Times
Business
Steven TRASK

BHP Asks For More Time To Explore Anglo American Takeover

BHP has already had two offers for Anglo American rejected (Credit: AFP)

Mining behemoth BHP on Wednesday sought a deadline extension in its takeover pursuit of Anglo American, outlining a suite of measures to soothe shareholder concerns that have derailed previous offers.

A core part of BHP's plan is splitting off Anglo's platinum holdings in South Africa, a politically sensitive move that has stirred government opposition ahead of the country's general election Wednesday.

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