BHP Abandons $49 Billion Bid for Anglo American

Anglo American's strong South African ties and strategic defense thwarted BHP's takeover attempt.

BHP's bid required Anglo to divest key South African assets, causing political and shareholder resistance.
Anglo American's CEO secured local support by emphasizing the company's national value and legacy.
The proposed deal faced significant execution risks and complexity, leading to its rejection.
Anglo's new strategy includes spinning off platinum mines and selling coal and diamond assets.
Future takeover attempts by other companies remain a possibility as Anglo focuses on copper.