STORY: BHP's late multi-billion dollar attempt to buy Anglo American ended on Monday (November 24).The Australian miner said it was no longer interested in a potential link-up after early discussions with Anglo's board.BHP said it still believes a tie-up would have offered "strong strategic merits" and created value for stakeholders.But further said it was still confident in its own organic growth strategy.Any takeover would have boosted BHP's dominance in copper.It's already the world's biggest copper producer but risks losing that title in the years ahead without major new projects.UK securities rules means BHP can't now make another bid for Anglo for six months. Anglo had already rejected three approaches from BHP last year.Investors will now look towards a key vote in two weeks.Shareholders at Anglo and Canada's Teck Resources are due to vote on a $60 billion merger to become Anglo Teck.It would be a copper giant with big developments in Chile and Peru.

Ver comentarios