Anglo rejects BHP’s last-ditch attempt to continue takeover talks

LONDON/JOHANNESBURG/MELBOURNE, May 29 (Reuters) – Anglo American (AAL.L), opens new tab on Wednesday rejected BHP Group’s (BHP.AX), opens new tab last-ditch request for more time to discuss a $49 billion takeover offer, dismissing it as highly complex and likely ending a five-week pursuit by the bigger rival.

Anglo had granted BHP a one-week extension until 1600 GMT on Wednesday to its original May 22 deadline to submit a binding offer, after rejecting a third takeover proposal that it dismissed as difficult to execute.