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30 May

BHP walks away from $49 billion Anglo takeover deal

BHP has dropped plans to take over its smaller rival Anglo American for a proposed £38.6 billion ($49 billion), soon after the UK-based miner rejected BHP’s request to extend the negotiations deadline. Early on Wednesday, the Australian mining giant urged Anglo for an extension to talks, which Anglo rejected citing there was “no basis” for continued discussions. Anglo previously rejected three takeover offers from BHP in the last 6 weeks, a…
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