Anglo American rejects BHP's $50bn third takeover bid.

Anglo American, the mining giant, has rejected BHP's £38.6bn ($50bn) third takeover offer, but leaves the door open for future talks. Anglo is in the process of divesting its less profitable coal, nickel, diamond and platinum businesses. BHP's latest bid of 29.34 pounds per share, up from an initial 25.08 pounds, is conditional on Anglo unbundling its platinum and iron ore assets in South Africa.

May 22, 2024
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