Anglo American rejects BHP's 'opportunistic' and 'unattractive' takeover offer | News24

26 Apr

Compiled by Ahmed Areff

(Anglo American/Supplied)

The board of Anglo American has unanimously rejected global mining giant BHP's "opportunistic" proposed all-share takeover offer of the company valuing it at about R740 billion.

The board said in a statement on Friday morning that the proposal, which was conditional on Anglo first spinning off its South African platinum and iron ore assets, Anglo American Platinum and Kumba Iron Ore, "undervalues Anglo American and its future prospects".

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