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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.
Dit verhaal komt uit de November 25, 2025-editie van The Star.
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