BHP News: Anglo American rejects BHP's $39 billion takeover proposal - 26th Apr 2024, 10:08am

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By Clara Denina and Melanie Burton

LONDON (Reuters) -Anglo American rejected rival miner BHP Group's 31.1 billion pound ($39 billion) takeover proposal on Friday, saying the bid significantly undervalued the London-listed company and its future prospects.

Australia's BHP, which has until May 22 to make a binding bid, is expected to sweeten its offer to try to clinch a deal that would create the world's biggest miner of copper, a metal central to the clean energy shift, accounting for about 10%...

>>> Read more: Anglo American rejects BHP's $39 billion takeover proposal
 
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