April 26 (Reuters) - Anglo American PLC:

* REJECTION OF BHP PROPOSAL

* CONSIDERED PROPOSAL WITH ITS ADVISERS AND CONCLUDED THAT PROPOSAL SIGNIFICANTLY UNDERVALUES ANGLO AMERICAN AND ITS FUTURE PROSPECTS.

* PROPOSAL CONTEMPLATES A STRUCTURE WHICH BOARD BELIEVES IS HIGHLY UNATTRACTIVE FOR ANGLO AMERICAN'S SHAREHOLDERS

* UNANIMOUSLY REJECTED BHP PROPOSAL. Source text for Eikon: Further company coverage: