Anglo American has rejected a revised proposal from BHP Group Limited, stating that it significantly undervalues the company and its future prospects. The proposal, which includes an all-share offer and required demergers, was deemed unattractive and highly uncertain by the Anglo American Board. The Board has unanimously rejected the proposal, expressing confidence in the company's standalone future prospects and accelerated plans for its strategic priorities. BHP has until 22 May 2024 to announce a firm intention to make an offer for Anglo American.