Anglo American rejects revised takeover bid from BHP

British mining company Anglo American has rejected a revised takeover bid from Aussie iron ore giant BHP.
BHP increased its offer price by 15 per cent but it is still not enough for Anglo American and its board.
Sky News Business Reporter Edward Boyd says the total value of the offer is about $65 billion due to a significant drop in BHP’s shares.

[@BigBopper-zm1kf]

BHP needs to back off now. Paying too much is fraught with danger. Labor hates mining

[@fhumula]

Son is buying father.