Anglo American has rejected a takeover bid from BHP, averting for now what would be the biggest shake-up in the mining sector in a decade, but analysts see a merger having limited impact on dry bulk shipping. BHP made an unsolicited $38.8 billion bid for Anglo American which the board of Anglo American branded “opportunistic” and significantly undervaluing the company. “The BHP proposal is opportunistic and fails to value Anglo American’s prospects, while significantly diluting the relative value upside participation of Anglo American’s shareholders relative to BHP’s shareholders,” said Stuart Chambers, Chairman of ... (full story)