Activist Elliott said to build £800m stake in Anglo American after company rejects BHP’s ‘opportunistic’ bid

@cityam— Mining giant Anglo American has rejected BHP Group's £31.1bn proposal after concluding the plan would undervalue its future prospects.

CNBC—Anglo American rejects BHP's $39 billion takeover bid to form mining juggernaut. Mining giant Anglo American on Friday rejected a takeover bid from rival BHP Group, saying the offer "significantly undervalues" the company and its prospects.

The Guardian—BHP’s pursuit of Anglo American has a major obstacle: South Africa. The De Beers owner is a longstanding jewel in the African' state’s economic crown – it would be a ‘big blow’ to see it sold offThe world’s largest mining company has a problem. Australia’s BHP has set out its intention to snap up the rival miner Anglo American in a multibillion-pound deal that would reshape the global industry. Its proposed £31bn takeover plan has already been rebuffed as a lowball offer that undervalues the company. But Anglo’s deep roots in South Africa could be a far more...

The Guardian—Anglo American rejects £31bn takeover offer from mining rival BHP. All-share proposal had potential to be one of biggest deals in sector for decade but deemed ‘opportunistic’Business live – latest updatesThe board of Anglo American, the London-listed mining company, has rejected a “highly unattractive” £31bn takeover approach from its Australian rival BHP.BHP’s all-share proposed offer for Anglo American had the potential to be one of the biggest deals in the global mining sector for a decade but has attracted criticism from Anglo’s shareholders as being too...