BHP in considering an improved takeover bid for Anglo American according to people familiar with the matter. (Gallo Images/Felix Dlangamandla)
BHP Group is considering making an improved proposal for Anglo American after its $39 billion initial offer was rejected, according to people familiar with the matter.
The Australian miner is discussing with its advisers a revised proposal for Anglo American in the coming weeks, the people said, asking not to be identified as the matter is private. BHP is also in the process of discussing the merits of a deal with its key shareholders and trying to convince them to back the offer, the people said.
BHP’s deliberations are ongoing, and it hasn’t made a final decision on the size and structure of the new proposal, the people said.
South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we’re about to enter a new chapter of fearless journalism. Join our free subscription trial to unlock this story and a world of news aimed to inform, empower, and inspire.