Anglo’s South African investors open to improved BHP bid

London | Johannesburg | Anglo American’s key South African shareholders are open to a takeover offer from BHP, despite government concerns that the miner’s $57 billion-plus proposal is bad for Africa’s most industrialised economy.

The investors, which collectively hold more than 15 per cent of Anglo, told the Financial Times that BHP would need to sweeten its offer, but they were not opposed in principle to an acquisition by the Australian group.

Financial Times