The companies have been in talks over a deal worth almost £39 billion since Wednesday May 22.
Mining giant BHP has urged takeover target Anglo American to extend its deadline as talks continue between the two rivals.
Australia’s BHP faces a deadline of 5pm on Wednesday to make a firm offer or walk away from takeover talks. BHP’s three takeover approaches all had a requirement for its rival to spin off its South African operations, resulting in heavy criticism from the government in Pretoria.In a statement on Wednesday, BHP said: “BHP believes that the proposed measures it has put forward provide substantial risk protection for Anglo American shareholders and supplement the significant value uplift that Anglo American shareholders will receive from the potential combination.
“This announcement does not amount to a firm intention to make an offer and there can be no certainty that an offer will be made.”
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