BHP to Consider Improved Anglo Proposal After Bid Was Rejected
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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.
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.