BHP Group, an Australian multinational mining and metals public company, withdrew its offer to acquire Anglo American, a British multinational mining company, for £31.1bn. The offer was rejected by the board of Anglo American. "While we believed that our proposal for Anglo American was a compelling opportunity to effectively grow the pie of value for both sets of shareholders, we were unable to reach agreement with Anglo American on our specific views in respect of South African regulatory risk and cost and, despite seeking to engage constructively and numerous requests, we were not able to access from Anglo American key information required to formulate measures to address the excess risk they perceive," Mike Henry, BHP CEO.