Anglo American Rejects Improved BHP Bid of Nearly $50 Billion

By Christian Moess Laursen

Anglo American has rebuffed an improved 39.24 billion pound ($49.87 billion) takeover proposal from rival BHP Group, following two prior rejections over the last month, in what would have been the largest-ever mining deal.

Write to Christian Moess Laursen at christian.moess@wsj.com