BHP is in discussion for revised proposal for Anglo American in the coming weeks, the source said. The deliberations are currently ongoing and it has not made a decision on the size and structure of the new proposal, the source added. BHP and Anglo American did not immediately respond to a Reuters request for comment.
(Bloomberg) -- BHP Group is considering making an improved proposal for Anglo American PLC after its $39 billion initial offer was rejected by the London-listed miner, according to people familiar with the matter.Most Read from BloombergApple Intensifies Talks With OpenAI for iPhone Generative AI FeaturesPlunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingWall Street Humbled as Fast-Reversing Markets Confound the ProsThe Long, Slow Death of Urban NightlifeJavier Milei Fuels Wild Rall
(Bloomberg) -- When Mike Henry took over as chief executive officer of BHP Group in 2020, the world’s biggest mining company had lost its swagger. Most Read from BloombergApple Intensifies Talks With OpenAI for iPhone Generative AI FeaturesPlunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingWall Street Humbled as Fast-Reversing Markets Confound the ProsThe Long, Slow Death of Urban NightlifeJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldBruised by a series of painful mis