BHP Group's Strategic Moves in Anglo American Offer

BHP Group Ltd has proposed various socioeconomic measures to address concerns related to its offer for Anglo American. BHP aims to maintain its JSE listing and has indicated flexibility with deadlines and the inclusion of a reverse break fee if regulatory approvals are not met.

BHP Group Ltd: * ASX ALERT-UPDATE ON BHP OFFER FOR ANGLO AMERICAN-BHP.AX

* PROPOSED A RANGE OF SOCIOECONOMIC MEASURES INTENDED TO ADDRESS ANGLO AMERICAN'S CONCERNS REGARDING OUR PROPOSED TRANSACTION STRUCTURE * BHP HAS CONSIDERED MARKET PRECEDENT TRANSACTIONS AND BELIEVES THAT RISKS ARE QUANTIFIABLE AND MANAGEABLE

* BHP INTENDS TO MAINTAIN ITS LISTING ON JSE AND IS EXPECTED TO ACHIEVE A JSE INDEX WEIGHTING OF APPROXIMATELY 5% ON COMPLETION. * BHP BELIEVES A FURTHER EXTENSION OF DEADLINE IS REQUIRED TO ALLOW FOR FURTHER ENGAGEMENT ON ITS PROPOSAL

* PROPOSED MEASURES ARE EXPECTED TO BE MAINTAINED FOR A PERIOD OF AT LEAST THREE YEARS * BHP HAS INDICATED THAT IT WOULD ALSO BE WILLING TO DISCUSS AN APPROPRIATE REVERSE BREAK FEE, PAYABLE BY BHP, ON FAILURE TO ACHIEVE NECESSARY ANTI-TRUST AND REGULATORY APPROVALS Further company coverage: