Anglo American rejects BHP’s takeover offer; Darktrace to be bought; US PCE inflation rate rises – business live

FTSE 100 hits another record high, while the Fed’s favourite inflation measure has picked up

• BHP’s takeover bid for Anglo American is clever but far too low

Darktrace’s decision to accept the terms of Thoma Bravo’s takeover offer will add yet more fuel to the argument that the London Stock Exchange is in some trouble.

Indeed, Darktrace takes a swing at the London market today, saying it hasn’t been properly valued since floating three years ago.

Whilst the Darktrace Board remain confident that Darktrace’s strategy can continue to deliver attractive returns for shareholders and that Darktrace has a strong future as a public company, the Darktrace Board believes that Darktrace’s operating and financial achievements have not been reflected commensurately in its valuation with shares trading at a significant discount to its global peer group.

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