BHP Group Ltd. announced it is no longer considering a possible combination with Anglo American plc after preliminary discussions with the company’s board. The proposed deal was believed to have strong strategic merits and would have created significant stakeholder value. BHP remains confident in its own organic growth strategy. The statement may be set aside if certain conditions are met, including a third-party bid or a Rule 9 waiver proposal. BHP closed trading 0.62% higher at AUD 40.62 on the Australian Securities Exchange, while Anglo American closed 0.95% lower at 2,710 pence on the London Stock Exchange.

Read more at Nasdaq: BHP Ends Talks On Possible Anglo American Deal