Anglo American rejects BHP's 'opportunistic' and 'unattractive' takeover offer
The board of Anglo American have unanimously rejected global mining giant BHP's"opportunistic" proposed all-share takeover offer of the company valuing it at about R740 billion.
"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," Anglo chair Stuart Chambers said in the statement. Chambers said the proposed structure is"highly unattractive" and creates uncertainty and risk that would be carried by Anglo, its shareholders and its other stakeholders.
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