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TIMELINE-How BHP's stopped working six-week pursuit of Anglo American unfolded

May 30 - Miner BHP Group ignored its $ 49 billion strategy to take control of rival Anglo American on Wednesday after its last-ditch request for more time was declined by the London-listed business, ending its six-week pursuit for the time being.

Here is a timeline of the occasions that unfolded over the last 6 weeks.

* Feb 22: Anglo American reveals an evaluation of its possessions after a 94% plunge in yearly earnings and writedowns at its diamond and nickel operations.

* April 25: BHP Group discloses a bid of $39 billion for Anglo American, made on April 16, and proposes to spin off its London-listed target's iron ore and platinum possessions in South Africa.

* April 25: The South African federal government announces analysis of BHP's proposed deal to buy Anglo American.

* April 26: Anglo American declines BHP's very first $39. billion. takeover proposition, mentioning considerable undervaluation of the. company and its potential customers.

* April 27: BHP considers making an improved deal. for. Anglo American after its initial proposition is declined.

* April 29: South Africa says BHP Group's proposed. quote for. Anglo American is normal market activity.

* Might 2: Commodities group Glencore is studying an. approach for Anglo American that could possibly spark a. bidding war, 2 sources inform .

* Might 7: BHP's strategy to divest Anglo American's South. African possessions is exposed to be key to its suggested takeover. strategy, financiers briefed on the miner's thinking state.

* May 9: Japanese steelmakers raise issues about. BHP. Group's prospective supremacy in the global supply of coking coal. if it gets Anglo American.

* May 10: Rio Tinto had actually thought about making a deal. for. Anglo American, the Australian Financial Evaluation reports.

* May 13: Anglo American declines a raised takeover. proposal of $42.67 billion from BHP Group.

* May 14: Anglo American says it plans to refocus on. copper and unload less lucrative coal, nickel, diamond and. platinum assets to ward off BHP's takeover quote. CEO states BHP bid. forced him to speed up prepare for a spin-off of its South. African platinum possessions.

* May 14: BHP Chief Executive Mike Henry advises Anglo. American investors to consider the benefits of his business's quote.

* May 16: Anglo American suspends global hiring as. it. plans to streamline its operations and avoid BHP's takeover quote.

* May 22: Anglo consents to a week-long extension for. BHP to. make a binding takeover offer, after turning down a third proposition. that values it at $49 billion.

* Might 23: BHP stands firm on its newest takeover. proposal. for Anglo American regardless of the rejection, plans to address. execution threat concerns, sources state.

* Might 25: Key shareholders, consisting of BlackRock. ,. encourage Anglo to continue participating in talks with BHP over the. proposed merger.

* May 29: BHP Group abandons its $49 billion strategy to. take. over Anglo American after a desperate ask for more time is. declined. WHAT'S NEXT?

Experts at JPMorgan and RBC Capital Markets state there are a. couple of areas to focus on moving forward:

* The delivery of Anglo's standalone or defence method to. refocus on copper and spin off or offer its less rewarding coal,. nickel, diamond and platinum organizations.

* The capacity for other suitors to evaluate their own. potential. interest in Anglo. Analysts at RBC Capital Markets list out. Glencore, Rio Tinto and Vale as the most likely. candidates.

* A partial or overall sale of Anglo's copper sector, which. JPMorgan experts approximate to be worth about $27 billion, or. about 17.25 pounds per share. RBC Capital analysts stated that. given the quality of the copper portfolio, they would not. discount rate the probability of a Chinese state entity getting. included.

(source: Reuters)