Anglo American Refuses BHP's Bid, Terming it 'Opportunistic'
Friday, 26 April 2024, 08:23
Anglo American Rejects BHP's Offer
The British mining giant, Anglo American, has officially rejected BHP's $39 billion bid, labeling it as 'opportunistic'.
Reason for Rejection
In a statement, Anglo American emphasized that BHP's offer significantly undervalues the company's current business and future prospects, leading to the decision to decline the bid.
Anglo American's board believes that accepting such undervalued bids could adversely impact the company's shareholders and long-term growth strategy.
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