Slaughter and May is advising Australian mining giant BHP on its revised $49 billion bid for U.K.-headquartered miner Anglo American, which is being advised by Linklaters.

In a proposed $49 billion takeover offer, BHP is planning to merge the two companies to create a low cost large scale miner of iron ore and metallurgical coal and what it calls “future facing commodities”, including potash and copper.

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