BHP Group CEO Mike Henry claims that Anglo American's plan to demerge its platinum and diamond businesses supports the structure of BHP's $64.4 billion takeover proposal.

Anglo American's board opposed BHP's all-scrip bid, which required demerging South African iron ore and platinum mines before merging with BHP.

Despite rejecting BHP's improved offer, Anglo's CEO Duncan Wanblad announced a strategy to divest all assets except copper, iron ore, and crop nutrients, suggesting this plan would be challenging to execute amid a takeover.

Henry noted that Anglo's demerger strategy aligns with BHP's proposal.

The revised offer, which Anglo rejected, proposed swapping each Anglo share for 0.8132 BHP shares, valuing Anglo shares at £27.53 ($52.31) each.