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International Business Times
International Business Times
Business
Roland JACKSON

Anglo American Rejects BHP's Improved Takeover Bid

BHP's improved offer would lift the number of shares that would be given to Anglo investors (Credit: AFP)

Australian mining giant BHP revealed Monday that British rival Anglo American has rejected an "improved" takeover bid worth GBP34 billion ($43 billion) as it aims to create a copper titan.

BHP's latest colossal offer, which seeks also to reshape the global mining landscape, comes after its initial GBP31.1-billion, or $39 billion, approach had been rebuffed last month.

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