Anglo American (GB:AAL) has released an update.
Anglo American has unanimously rejected an unsolicited and conditional all-share offer by BHP, citing significant undervaluation and unattractive terms that pose considerable risk and complexity. Chairman Stuart Chambers emphasized Anglo American’s strong positioning for value creation, aligned with energy transition trends, and the potential for value appreciation, deeming BHP’s proposal as opportunistic and not in the best interest of shareholders.
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