BHP News: BHP Group (BHP) Drops Acquisition Plan for Anglo American - 1st Jun 2024, 12:34am

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BHP Group BHP has made a statement that it has officially dropped its bid to acquire Anglo American NGLOY. This ends BHP’s six-week pursuit for the takeover of Anglo American, which would have created a global mining giant focused on copper and other minerals that are expected to drive the transition to renewable energy.

BHP’s statement comes after Anglo American’s announcement on May 22 that its board had unanimously rejected BHP’s third unsolicited, non-binding and highl...

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