Development comes as Anglo American rejects BHP bid (Il Sole 24 Ore Radiocor) - New York, 26 Apr - Elliott Management has built a stake worth around one billion dollars in miner Anglo American in recent months, CNBC said, citing a person familiar with the matter.

Anglo American declined to comment, CNBC said.

Earlier this week Australian miner BHP confirmed it had made an offer to buy UK-based Anglo in a deal worth 31.1 billion pounds.

Anglo said today its board had rejected the offer on the basis that it "significantly undervalues" the company.

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(RADIOCOR) 26-04-24 15:12:08 (0451) 5 NNNN