Whalesbook
Global mining giant BHP Group's surprise, last-minute takeover bid for Anglo American Plc has ended abruptly, collapsing within just three days. BHP aimed to prevent Anglo American's $60 billion combination with Teck Resources Ltd. However, Anglo American rejected the unsolicited offer, leading BHP to swiftly withdraw. The rapid reversal raises questions about BHP's strategy and its pursuit of copper assets, while some investors praise its caution against overpaying.