LONDON (AP) — BHP Group has dropped its 38.6 billion pound ($49.3 billion) bid for Anglo American, ending plans to create a global mining giant focused on copper and other minerals that are expected to drive the transition to renewable energy. Melbourne, Australia-based BHP announced the decision late Wednesday, after last-minute overtures failed to ease Anglo’s concerns about the the complexity of the proposed deal. Anglo American earlier rejected a request to extend Wednesday’s deadline for BHP to submit a formal offer.
BHP Group drops its bid for Anglo American, ending plans to create a global mining giant