World’s biggest miner BHP tried to stop $60B Anglo-Teck deal — and failed. Here’s why

Group’s last-minute proposal to buy The surprise move and near-instant capitulation have raised questions about BHP’s strategy and its confidence in its standalone growth plans in copper, the metal viewed as increasingly critical by governments across the globe and in tight supply over the coming years. But the company has also drawn praise from some investors for its willingness to once again walk away rather than risk overpaying for a deal.This account of BHP’s latest bid for Anglo American and its rap ...