Under UK takeover rules, BHP has until May 22 to come back with a formal offer for Anglo American. It is expected to sweeten its 25.08 pounds per share offer to try to clinch a deal that would create the world’s biggest miner of copper, a metal central to the clean energy shift.
Some Anglo American investors, who asked not to be named because of the sensitivity of the matter, told Reuters the company is worth around 30 pounds a share.
Disclosure: Held (Anglo)
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