Anglo American rejected BHP's $38.8 billion takeover bid, deeming it undervalued and unattractive for shareholders.
Metal Miner Metals markets recently saw UK metal and mining multinational Anglo America n reject a £31.1 billion $38.8 billion takeover bid from Australia’s BHP . Meanwhile, shareholders in the latter company continue to urge an increase in the offer price.On April 26, London- and Johannesburg-listed Anglo America n’s board of directors unanimously rejected BHP ’s unsolicited, all-share offer made the previous day.
“With the benefit of well-sequenced and value-accretive growth options in copper and other structurally attractive products, the Board believes that Anglo American’s shareholders stand to benefit from what we expect to be significant value appreciation as the full impact of those trends materializes,” the company noted.
BHP Copper Metals Market Merger Acquistion
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