Time Running Out for BHP's Anglo American Bid

The clock is counting down on BHP’s takeover swoop for Anglo American today as the Australian miner is left with just hours to table an improved offer or walk away. BHP has been hiking its bids for Anglo American over the past month after making an initial unsolicited $31bn offer for the firm in April, which was rejected. Last week, the Sydney-listed miner lifted that to £34bn but retained its condition that Anglo American carve off its iron ore and platinum business, in an offer that was roundly rebuffed as…