BHP turns inward after $75b Anglo rebuff
Peter KerResources reporter
BHP will take investors to its Escondida mine in Chile later this year to assure them it does not need a major acquisition like the failed $75 billion bid for Anglo American to grow its copper output.
BHP’s decision to not lob a formal bid for Anglo before 2am on Thursday means it cannot make another offer for the South African company before late November unless a rival bid emerges, or the Anglo directors invite BHP to resume talks.
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Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com
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