The latest bid marked a £4bn uplift from its previous rejected offer last week but retains the condition that Anglo carve off its platinum business and South African Kumba operation, which has triggered pushback from the firm and the South African government.
The offer marks a 47 per cent on
While Anglo has rejected the latest offer as overly "complex", the firm has said it is willing to engage with the company and has now extended a takeover deadline until
"Since the submission of the revised proposal, we have been engaging with
"We have made progress on these topics over the course of the engagement so far, and we are hopeful that a resolution will be reached in the next seven days."
In a statement yesterday, Anglo said the latest offer did not address its concerns over "complexity, execution risks, an extended timeline to completion" but it was "willing to continue to engage with BHP and its advisers on this topic".
The
News of the rejection did little to stir markets, with shares in
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