Anglo American rejects BHP's $39 billion takeover bid to form mining juggernaut
Publishing timestamp: 2024-04-26 05:33:51
Summary
Anglo American rejects takeover bid from BHP Group, stating it undervalues the company. BHP's offer included a requirement for Anglo American to demerge its shareholdings in two entities. Analysts believe this bid could be the start of a broader phase of consolidation in the mining sector, with potential for Chinese firms to enter the ring.
Sentiment: MIXED
Tickers: RIO, AAL-GB, RIO-GB, 0HN3-GB,
Keywords: stock markets, business news, markets, rio tinto plc, breaking news: markets,