Good morning, A deal between BHP and Anglo American is growing more likely after Anglo’s board agreed to push back the deadline for a formal offer, analysts say, as Anglo dropped its complaint that BHP’s all-scrip bid undervalues its assets. Australia’s biggest plastics maker is set for closure by the end of the year, after Qenos’ creditors waved through its sale to property developer Logos on Thursday. The Brisbane developer behind a bid for troubled Star Entertainment met investment fund managers to discuss a deal to break up the assets of the company and sell them to Florida-based Hard Rock International. |