Last Thursday night, the world’s biggest miner made a brazen attempt to gatecrash one of the industry’s biggest-ever deals. Yet just three days later, the bid was already dead.
Haul trucks transport ore and waste materials at the Freeport-McMoRan open-pit copper mining complex in Morenci, Arizona, US, on Thursday, Sept. 19, 2024. Freeport-McMoRan, Rio Tinto and BHP are among the miners testing sulfide leaching as tariff threats send copper prices soaring. Photographer: Rebecca Noble/Bloomberg
BHP Group has walked away from a fresh takeover approach for Anglo American Plc, ending an unexpected and short-lived attempt by the world’s largest miner to thwart a planned tie-up between its smaller rival and Canada’s Teck Resources Ltd.
BHP Group said it was no longer considering a tie-up with Anglo American Plc.
A dumper truck drives by a conveyor belt at the Sishen open cast mine, operated by Kumba Iron Ore Ltd., an iron ore-producing unit of Anglo American Plc, in Sishen, South Africa, on Tuesday, May 22, 2018. Kumba Iron Ore may diversify into other minerals such as manganese and coal as Africa’s top miner of the raw material seeks opportunities for growth and to shield its business from price swings.
Asurion LLC is in advanced talks to acquire Domestic & General Group Ltd. in a deal valuing the UK warranty business at £2.1 billion ($2.74 billion), according to people familiar with the matter.
An Asurion office in Orlando, Florida on July 29, 2022.
Asurion LLC is in advanced talks to acquire Domestic & General Group Ltd. in a deal valuing the UK warranty business at £2.1 billion ($2.74 billion), according to people familiar with the matter.
An Asurion office in Orlando, Florida on July 29, 2022.
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