BHP Group (BHP) is considering making an improved offer for Anglo American (NGLOY) after its $39B initial proposal was rejected by the London-listed miner, a source familiar with the matter told Reuters. BHP is in discussions on a revised bid for Anglo American to be made in coming weeks, the source said.
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Read More on NGLOY:
- Anglo American announces rejection of BHP’s ‘highly unattractive’ proposal
- Anglo American doesn’t view BHP’s $39B offer as attractive, Reuters reports
- Anglo American confirms receipt of unsolicited combination proposal from BHP
- Anglo American considers sale of De Beers unit, WSJ reports
- BHP mulls possible takeover of Anglo American, Bloomberg reports