Metals markets recently saw UK metal and mining multinational Anglo American reject a £31.1 billion ($38.8 billion) takeover bid from Australia’s BHP. Meanwhile, shareholders in the latter company continue to urge an increase in the offer price. On April 26, London- and Johannesburg-listed Anglo American’s board of directors unanimously rejected BHP’s unsolicited, all-share offer made the previous day. Under the offer, Anglo American would demerge all its shareholdings in Anglo American Platinum Limited and Kumba Iron Ore Limited in South Africa. Anglo American also stated that the offers and the demergers would be ... (full story)