Investors relieved BHP walked from $49 billion Anglo takeover deal
SYDNEY -BHP Group investors welcomed the top global miner's decision to walk away from a $49 billion plan to take over Anglo American , which both have copper assets in northern Chile where BHP has its Pampa Norte operations, said RBC analyst Kaan Peker.
If it wants to go for Anglo, BHP now has to wait six months before it can approach the company again under British corporate laws. It can return sooner if a new party bids for its takeover target.
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