Anglo American rejects BHP’s $39 bln takeover proposal

MELBOURNE/LONDON, April 26 (Reuters) – Anglo American AAL,L rejected rival miner BHP Group’s BHP,AX 31,1 billion pound ($39 billion) takeover proposal on Friday, saying the bid significantly undervalued the London-listed miner and its future prospects, “The BHP proposal is opportunistic and fails to value Anglo American’s prospects, while significantly diluting the relative value upside participation of Anglo American’s shareholders relative to […]