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.
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BHP
Anglo American plcThe 107-year-old South African mining group, long resistant to change, has now rejected a takeover offer from BHP
Legal & General and Abrdn say offer substantially undervalues UK-listed miner
BHP now has until 5pm on 22nd May to either announce a firm offer for Anglo or that it does not intend to make an official bid.