BHP Ends Anglo American Bid

BHP Group said it wouldn’t pursue a takeover of Anglo ‘American following new talks, closing the door on a deal that could have turbocharged its copper business and helped to clear the way for its U.K. rival to close a merger with Teck Resources.

- By RHIANNON HOYLE

Melbourne, Australia-based BHP first approached London-listed Anglo American about a possible takeover in April last year, arguing that a combination of the companies’ prized copper mines and other operations would have big benefits.