CORPORATE ACTIVITY
Anglo American's management does not consider a proposed $39-billion takeover offer from BHP Group as attractive, two sources told Reuters, as some investors and analysts dismissed it as opportunistic.
BHP on Thursday offered Anglo's shareholders 25.08 pounds ($31.39) per share, or $38.8-billion, a premium of 31% to the market close on Wednesday. It would take over Anglo after a spin-off of two assets.
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