SYDNEY (Reuters) – BHP has moved on to focus on other growth opportunities after shareholders of Anglo American (JO:) voted against its takeover approach earlier this year, the company chairman said on Wednesday.
“We made an approach to Anglo American earlier this year … we thought there was an opportunity here to create something unique and special, a bit of a sort of a one plus one equals three opportunity,” Chairman Ken MacKenzie told BHP’s annual shareholder meeting.
“Unfortunately, Anglo American shareholders had a different view, and they thought there was more value in the plan that their management wanted to execute. And so they moved on. And quite frankly, so have we.”
