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Anglo American rejects BHP’s $39bn bid

Anglo American rejects BHP’s $39bn bid
Photo: Chris Ratcliffe/Getty Images

UK mining giant Anglo American rejected a $38.8bn takeover bid from rival BHP, saying the proposal undervalues it and is unattractive for its shareholders.

Anglo American’s chairman, Stuart Chambers, said 26 April that the BHP proposal is opportunistic and fails to properly value the company’s prospects.

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