BHP Abandons Final Attempt to Acquire Anglo American

Written by Emily J. Thompson, Senior Investment Analyst

Source: Reuters

Updated: Nov 24 2025

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Source: Reuters

BHP Abandons Acquisition Attempt: BHP has decided to abandon its efforts to acquire Anglo American, which would have strengthened its position in the copper market, just weeks before a significant merger vote involving Anglo and Teck Resources.
Strategic Shift and Market Trends: Despite believing in the strategic merits of the acquisition, BHP is confident in its own growth plans and has pivoted towards smaller projects after previous rejections from Anglo.
Impact on Anglo and Teck Merger: BHP's withdrawal reduces the risk of interference in the upcoming Anglo and Teck merger, which aims to create a major copper producer with significant projects in Chile and Peru.
Regulatory and Market Reactions: BHP's statement prevents it from making another bid for six months, while Anglo's shares have seen a rise, reflecting market confidence in its restructuring efforts despite past challenges.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.