Nov 13 (Reuters) - Aditya Birla Minerals Ltd ABY.AX :
* ABY releases target's statement
* Reiterates earlier recommendation to ABML shareholders to reject offer and take no action in relation to documentation sent by Metals X
* Says "the offer materially undervalues ABML shares"
* Says "the offer is highly conditional and therefore uncertain"
* Says "Hindalco has stated that it will not be accepting the offer, and therefore control cannot pass to Metals X"
* Source text for Eikon ID:nASXbvDTdV