BHP walks away from Anglo deal, for now

London — Mining group BHP Group on Wednesday walked away from its $49bn plan to take over rival Anglo American, which rejected a last-ditch request for more time, ending for now its six-week pursuit.

Anglo had granted BHP a one-week extension until 4pm on Wednesday to its original May 22 deadline to submit a binding offer, after rejecting a third takeover proposal that it dismissed as difficult to execute…