CORPORATE ACTIVITY
South African state-owned asset manager the Public Investment Corporation (PIC) said on Wednesday that it would require a "meaningful revision" of BHP Group's bid for rival miner Anglo American.
Anglo rebuffed BHP's initial $39-billion all-share proposal made on April 25, dismissing it as opportunistic.
It subsequently rejected a revised offer of $43-billion saying the world's largest listed miner "continues to significantly undervalue" the company and that its difficult to execute.
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