Australian company says FTSE 100-listed group’s board did not engage with its all-share approach
(Bloomberg) -- BHP Group Ltd. said Anglo American Plc rebuffed an improved takeover offer, which valued the mining company at about £34 billion ($43 billion).Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindChina to Start $138 Billion Bond Sale on Friday to Boost EconomyPutin Names Economist as Defense Minister in Surprise ReshuffleGlobal Chips Battle Intensifies With $81 Billion Subsidy SurgeBHP, the world’s largest miner, is seeking to buy Anglo for its South
BHP Group said on Monday that Anglo American had rejected a revised buyout offer valuing the company at 34 billion pounds ($42.67 billion). Anglo American in April rebuffed BHP's $39 billion all-share takeover proposal, saying it was opportunistic and significantly undervalued its prospects. "BHP is disappointed that the Anglo American Board has chosen not to engage with BHP with respect to the Revised Proposal and the improved terms," it said in a statement.