CNBC: Glass Lewis endorses 6 of activist Ancora’s nominees for Norfolk Southern board
CNBC reports: Activist investor Ancora received a powerful endorsement in its efforts to secure a board ...
CNBC reports:
Mining giant Anglo American on Friday rejected a takeover bid from rival BHP Group, saying the offer “significantly undervalues” the company and its future prospects.
Australia-based BHP on Thursday said it had made an all-share takeover offer which valued the smaller company at £31.1 billion ($38.9 billion). The takeover would have created the world’s largest mining company, according to a Reuters analysis.
Shares of Anglo American were trading down 0.5% at 9:00 a.m. London time, while other mining stocks rose.
In a statement, the British miner said that board members had unanimously rejected BHP’s “unsolicited, non-binding and highly conditional” proposal.
Anglo American’s Chairman Stuart Chambers dismissed the bid as “opportunistic”…
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