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“The proposed structure is also highly unattractive, creating substantial uncertainty and execution risk borne almost entirely by Anglo American, its shareholders and its other stakeholders,” Anglo chairman Stuart Chambers said in a statement.
Anglo American has rejected rival BHP Group's £31.1billion takeover proposal, which the London-listed miner said significantly undervalued the company and its future prospects.
Anglo American PLC on Friday said its board has unanimously rejected an opportunistic offer from larger peer BHP Group Ltd, on grounds that it significantly undervalues the London-based miner. This...
Rolling coverage of the latest economic and financial news, as FTSE 100 hits another record high as Anglo rebuffs BHP’s approach
Anglo American rejects BHP's $39 billion takeover proposal By Melanie Burton and Clara Denina MELBOURNE/LONDON (Reuters) -Anglo American rejected rival miner BHP Group's 31.1 billion pound ($39 billion) takeover proposal on Friday, saying the bid significantly undervalued the London-listed miner and its future prospects. "The BHP proposal is opportunistic and…