Anglo American rejects new £34bn offer from mining rival BHP

Australian company says FTSE 100-listed group’s board did not engage with its all-share approach

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Anglo American has rejected a second takeover approach by Australian rival BHP that values the London-listed mining company at £34bn.

BHP said that Anglo’s board had not engaged with its offer, which came after an initial £31bn offer was also rejected last month. Anglo rejected the second offer on Monday, BHP said.

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