Published 12 days ago

Mining giant Anglo-American rejects BHP’s $39 billion takeover offer, says it’s ‘opportunistic’

Anglo American's board unanimously rejected BHP's proposed takeover offer valued at R740 billion, citing undervaluation and a requirement to spin off South African assets.
The offer was deemed "opportunistic" and insufficient to reflect Anglo American's future prospects, particularly in copper production.
Rejection was based on the belief that Anglo American's shareholders would benefit more from the company's growth prospects without the proposed spin-off.

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The Guardian

Anglo American rejects £31bn takeover offer from mining rival BHP

All-share proposal had potential to be one of biggest deals in sector for decade but deemed ‘opportunistic’Business live – latest updatesThe board of Anglo American, the London-listed mining company, has rejected a £31bn takeover approach from the Australian rival BHP.BHP’s all-share proposed offer for Anglo American had the potential to be one of the biggest deals in the global mining sector for a decade but has attracted criticism from Anglo’s…

11 days ago·London, United Kingdom

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Associated Press News

Mining giant Anglo-American rejects BHP's $39 billion takeover offer, says it's 'opportunistic'

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.

11 days ago·United States

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abc News

Mining giant Anglo-American rejects BHP Group's $39 billion takeover offer

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

11 days ago·United States

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Sydney Morning Herald

‘Opportunistic’: Anglo American rejects BHP’s $60 billion takeover bid

Australia’s largest mining company will be forced to raise its offer to buy rival Anglo American after its initial $60 billion bid was swiftly rejected.

11 days ago·Sydney, Australia

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CNBC

Anglo American rejects BHP's $39 billion takeover bid to form mining juggernaut

Mining giant Anglo American on Friday rejected a takeover bid from rival BHP Group, saying the offer "significantly undervalues" the company and its prospects.

11 days ago·United States

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