BHP (ASX:BHP) share price in focus on renewed Anglo American interest

Core Viewpoint - BHP Group Ltd has renewed interest in acquiring Anglo American but has since confirmed it is no longer considering a merger, despite believing in the strategic merits of such a combination [2][4]. Group 1: Acquisition Interest - BHP had preliminary discussions with Anglo American's board regarding a potential takeover [2]. - The company previously made a takeover offer for Anglo American in May 2024, which was rejected [3]. - BHP maintains that a merger would have created significant value for stakeholders [4]. Group 2: Market Reaction and Share Price - The BHP share price remains largely flat despite the news of the acquisition talks [5]. - The company's share price is still closely tied to iron ore prices, which are currently at US$104 per tonne [6]. - There is ongoing uncertainty regarding the iron ore dispute with China, which could impact BHP's share performance [7]. Group 3: Strategic Focus - BHP is diversifying its focus away from iron ore and is confident in its organic growth strategy [4].