Mining giant BHP drops latest bid to buy rival Anglo American

FTSE 100-listed miner forces Australian company to walk away from takeover after rebuffing second approach

BHP has walked away from another attempt to take over rival miner Anglo American after it was again rebuffed, failing in a last-minute effort to disrupt the planned merger with Canadian mining business Teck Resources.

The Australian mining company reportedly became interested in making another offer for FTSE 100-listed Anglo last week, more than a year after abandoning a 39bn attempt to buy the business.