Anglo rejects BHP's revised £34bn proposal

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Anglo rejects BHP’s revised £34bn proposal

Diversified major Anglo American has rejected a revised proposal put forward by BHP, which valued the UK-headquartered miner at about £34-billion.

The structure of the revised proposal, unveiled on Monday, remained unchanged from the previously rejected proposal of last month. It comprises an all-share offer for Anglo, with a requirement to complete two separate demergers of the South African units, Anglo American Platinum (Amplats) and Kumba Iron Ore.

The all-share offer and required demergers will be inter-conditional.

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Maganyeni Holdings is committed to giving clients quality services that satisfy their expectations in compliance with regulatory and statutory requirements. In doing so, we ensure the sustainability of our business.

Anglo rejects BHP’s revised £34bn proposal

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