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.
Australia’s BHP said that it had been unable to reach an agreement with the rival miner over specific issues.
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NewsTranscript
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]