BHP Group has made a fresh takeover approach to Anglo American Plc in a move to disrupt the London-listed miner’s combination with Canada’s Teck Resources Ltd., the latest twist in a wave of consolidation sweeping the industry.
The world’s biggest miner has made overtures to Anglo American in recent days, according to people familiar with the matter. BHP’s proposal is a mix of cash and stock, some of the people said. Anglo American has a market value of about £31.9 billion ($41.8 billion), while BHP — which tried unsuccessfully to buy the smaller company last year — has a market value of more than $130 billion.
