Anglo American rejects £34bn takeover bid and announces plans for break-up

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Anglo American, a prominent mining company listed on the FTSE 100, has announced its intentions to undergo a significant restructuring of its business operations. This news comes shortly after the company rejected a takeover bid from a larger competitor. In a statement released to shareholders, Anglo American revealed plans to divest its 85% stake in De Beers, the world’s largest diamond producer.

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