BHP walks away from £39bn bid for rival Anglo American

Yorkshire Post

A potential mining mega-merger has been stopped in its tracks after BHP confirmed it would not be making a bid for Anglo American. Australia’s BHP said that it had been unable to reach an agreement with the rival miner over specific issues.

Transcript

00:00 Hello, my name is Greg Wright and I'm the Deputy Business Editor of the Yorkshire Post.

00:05 Here are your headlines for this morning.

00:08 A potential mining mega-merger has been stopped in its tracks after BHP confirmed it would

00:13 not be making a bid for Anglo American, which is the company behind a major mining scheme

00:19 in North Yorkshire.

00:20 BHP said it had been unable to reach an agreement with the rival miner over specific issues.

00:27 The companies have been in talks over a deal worth almost £39 billion since Wednesday,

00:31 May 22, amid efforts to agree on the structure for a potential takeover.

00:37 So breaking news, a potential mining mega-merger has been stopped in its tracks after BHP confirmed

00:42 it would not be making a bid for Anglo American.

00:47 My name is Greg Wright and I'm the Deputy Business Editor of the Yorkshire Post.

00:50 [BLANK_AUDIO]

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