LONDON (AP) — U.K.-based mining giant Anglo American has rejected a 31 billion pound ($39 billion) takeover offer from BHP Group, saying it significantly undervalues the company and its growth potential. Anglo said Friday that its board unanimously rejected the “unsolicited” and “highly conditional” bid from BHP, which was announced a day earlier. The deal would create the world’s largest copper miner, with around 10% of global output — a hugely lucrative market as the world transitions to clean energy. Anglo said in a statement to the London Stock Exchange that the BHP proposal is “opportunistic” and “fails to value” the company’s prospects. “Anglo American is well positioned to create significant value from its portfolio of high quality assets that are well aligned with the energy transition and other major demand trends,” said chairman Stuart Chambers. |
I'm a former royal butlerThe ultimate guide to 101 FREE Easter treats taking place across BritainInside the chocolateJetstar passenger left speechless after flight attendant knocked back his simple requestDon't be a tourist bored! Fascinating map reveals ONE THOUSAND amazing things to do, seeSacramento is now a sanctuary city for transgender peopleA brush with Van Gogh in pictureFormer Trump Organization CFO Allen Weisselberg sentenced for perjuryFormer Trump Organization CFO Allen Weisselberg sentenced for perjuryFascinating map reveals the WORST reviewed three