14
May
11:29
Anglo American rejects BHP's revised takeover bid
Anglo American has rejected an improved, £34 billion ($42.67 billion) takeover bid from BHP saying the offer “continues to significantly undervalue” the London-based mining company.
BHP’s revised all-share proposal valued Anglo at an implied £26.86 per share, up from the £25.08/share offered in the original bid last month.
The proposal represents a 15% increase in the merger exchange ratio, increasing Anglo shareholders&r…
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Anonymous
Very good overview of the weekly steel market.
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