08:05 AM EDT, 05/23/2024 (MT Newswires) -- BHP Group ( BHP ) is declining to change the structure or value of its latest 38.6 billion British pound ($49.16 billion) proposal to take over rival Anglo American, Reuters reported on Thursday, citing unnamed sources.

Reuters cited sources as saying it will instead focus on the UK company's other risk factors and will spend the next week attempting to address Anglo American's concerns. Anglo American chairman Stuart Chambers on Wednesday said he worried a BHP takeover would create obstacles for the firm's South African assets.

BHP and Anglo American this week are meeting with UK and Australian regulators, an unnamed source told Reuters.

Under UK rules, BHP has until May 29 to make a firm offer for Anglo American.

BHP did not immediately reply to MT Newswires' request 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.)

Price: 59.11, Change: +0.38, Percent Change: +0.65