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The latest investor updates on stocks that are trending on Friday.
U.K.-based mining giant Anglo American has rejected a 31 billion pound ($39 billion) takeover offer from BHP Group, saying it significantly undervalues the company and its growth potential. The deal would create the world’s largest copper miner, with around 10% of global output — a hugely lucrative market as the world transitions to clean energy. Anglo said in a statement to the London Stock Exchange that the BHP proposal is “opportunistic” and “fails to value” the company's prospects.