BHP Group is seeking an extension for its $49 billion takeover discussions with Anglo American as the current deadline approaches. Despite proposing several socioeconomic measures, BHP believes more time is needed to address concerns over its bid. Anglo American, which has rejected previous offers citing undervaluation, plans to respond to the extension request soon. The deal aims to establish a dominant copper mining entity, pivotal for the green energy sector.
According to Reuters' calculations, BHP's takeover offer for Anglo American values the company at £38.6 billion ($49.2 billion).