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Published 10 days ago

BHP's $60b merger offer rejected, sinking biggest-ever mining deal

Summary by 9News

UK miner Anglo American has rejected a near-$60 billion takeover bid from BHP this afternoon, nixing what would have been the largest mining deal on record."The board has considered the proposal with its advisers and concluded that the proposal significantly undervalues Anglo American and its future prospects", it said in a statement.The UK-listed company said BHP's proposal was "opportunistic", and failed to value the prospects of Anglo Ameri…

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BHP's $60b merger offer rejected, sinking biggest-ever mining deal

UK miner Anglo American has rejected a near-$60 billion takeover bid from BHP this afternoon, nixing what would have been the largest mining deal on record."The board has considered the proposal with its advisers and concluded that the proposal significantly undervalues Anglo American and its future prospects", it said in a statement.The UK-listed company said BHP's proposal was "opportunistic", and failed to value the prospects of Anglo Ameri…

10 days ago·Australia

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