- BHP called for another week of talks
- Anglo American says additions to "final" offer not enough to warrant extension
BHP (BHP) called off its buyout of Anglo American (AAL) after the latter refused to extend talks beyond a Takeover Code deadline for another week.
A combination would have cemented BHP's place as the top copper miner and added to its iron ore output. However, Anglo said its shareholders were being asked to bear too much risk, given the potential deal required it to hive off much of its South African business.