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BHP stunned as Anglo American rejects renewed takeover bid
The Star
|November 25, 2025
BHP confirms that it is no longer considering a combination with Anglo and Teck Resources
ON MONDAY, BHP confirmed it had approached Anglo American with a revised merger proposal. Anglo's board is expected to approve the company's strategy today. Picture: Supplied
(Supplied)
BHP executives were left surprised after Anglo American rejected a fresh acquisition proposal that the Australian mining giant believed offered improved terms and better reflected the value of the London-listed group.
On Monday, BHP confirmed it had abandoned plans to pursue a combination with Anglo American, whose shareholders are expected to approve the company's tie-up with Canada's Teck Resources next month.
"Following preliminary discussions with the Board of Anglo American, BHP Group confirms that it is no longer considering a combination of the two companies," BHP said on Monday.
The company, said mining industry sources, had timed its latest offer to disturb Anglo American's tie up process with Teck Resources.
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