After a rollercoaster weekend, BHP (NYSE:BHP) has definitely walked away from the last-minute attempt to acquire Anglo American (OTC:AAUKF), weeks before its shareholders vote on a $53 billion merger with Teck Resources (NYSE:TECK).
Despite repeatedly distancing itself from speculations throughout the year, the Australian commodities giant had quietly re-engaged Anglo's management, according to Bloomberg. Reportedly, it was a simplified proposal that avoided the contentious break-up structure that derailed the previous $49 billion bid.
