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Miner Anglo American rejects BHP's $38.8 billion takeover bid
Miner Anglo American rejects BHP's $38.8 billion takeover bid

British mining giant Anglo American on Friday rejected a blockbuster $38.8-billion takeover bid from Australian rival BHP, slamming it as "highly unattractive" and "opportunistic". "The proposed structure is also highly unattractive, creating substantial uncertainty and execution risk borne almost entirely by Anglo American, its shareholders and its other stakeholders."

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