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Anglo American rejects BHP’s £31.1bn takeover proposal – business live
Rolling coverage of the latest economic and financial news
Some of Anglo American’s largest shareholders should be pleased by today’s rejection of BHP Group’s offer.
Yesterday, Legal & General Investment Management (Anglo’s 11th largest shareholder) criticised BHP Group’s approach was “highly opportunistic” and “unattractive”.
The Board has considered the Proposal with its advisers and concluded that the Proposal significantly undervalues Anglo American and its future prospects.
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