BHP Abandons $50 Billion Anglo American Merger After Rejections

The $49.2 billion acquisition deal between BHP and Anglo American is at risk after Anglo denied BHP's request for a deadline extension, citing concerns over the complex structure of the proposal. Analysts suggest the deal may be cancelled, and BHP must wait six months before making another bid. The acquisition aimed to boost BHP's copper production, but disagreements over the spinoff of South African assets and compensation for shareholders remain unresolved.