Anglo American Rejects BHP's Final Bid to Extend $49B Takeover Talks

BHP Group has abandoned its $49 billion bid to acquire Anglo American after the latter rejected a request for more time to finalize the deal. The proposed acquisition faced significant hurdles, including the need to unbundle Anglo's South African platinum and iron ore businesses, which contributed to its collapse. Anglo's shareholders and regulatory risks in South Africa were major concerns. BHP cannot make another offer for at least six months under UK rules.