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BHP is looking at upping Anglo American offer, say insiders

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BHP in considering an improved takeover bid for Anglo American according to people familiar with the matter. (Gallo Images/Felix Dlangamandla)
Anglo American's South African head office in Rosebank, Johannesburg. Photo: Anglo American

You can overcome most objections to a deal just by offering to pay more. BHP's attempted takeover of rival miner Anglo American could push the idea to the limit.

To recap, BHP has proposed a cheap and unusual two-stage deal that creates a lot of uncertainty for Anglo shareholders.

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