01:27 PM EDT, 05/28/2024 (MT Newswires) -- BHP Group ( BHP ) and Anglo American remain divided on BHP's buyout proposal as the Australian's mining company has less than a day left to commit to an offer, Bloomberg News reported Tuesday, citing people familiar with the matter.

BHP Chief Executive Officer Mike Henry has flown to London for last-minute meetings with investors, and the company has until 5 p.m. London time Wednesday to stand behind its bid, the report said.

Anglo American believes that BHP's transaction structure is too complicated, leaving investors with too much risk, the report said. The discussions are fluid, and BHP will likely need another extension to keep the offer alive, the report said.

BHP and Anglo American did not immediately reply to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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