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 pared losses to trade down 0.2% by 10:20 a.m. London time, while other mining stocks rose. In a statement, the British miner said that board members had unanimously rejected BHP’s ... (full story)