Anglo American (NGLOY) rejected BHP‘s (BHP) latest proposal, Aaron Kirchfeld, Thomas Biesheuvel, and Dinesh Nair of Bloomberg reports, citing people familiar with the situation. Anglo reviewed the proposal and decided the proposal is not superior to its planned combination with Teck Resources (TECK), the sources added.
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Read More on NGLOY:
- Anglo American price target raised to 3,000 GBp from 2,800 GBp at Citi
- Scotiabank downgrades Teck Resources ahead of merger vote
- Anglo American price target raised to 3,100 GBp from 3,000 GBp at Berenberg
- Anglo American price target raised to 2,760 GBp from 1,980 GBp at JPMorgan
- Teck Resources downgraded to Hold from Buy at Canaccord (yesterday)
