Here's your summary from How Did the BHP-Anglo American Deal Fall Apart? (https://www.youtube.com/watch?v=JBik-LoO2hY) on the Bloomberg Television channel:

**TLDR:** The BHP-Anglo American deal fell apart due to structural issues and differing views on the deal's value, leading to BHP's bid being rejected.

1. The deal between BHP and Anglo American broke down due to structural issues, with Anglo shareholders feeling the deal left them with too much risk.

2. BHP's bid to acquire only selected assets of Anglo American, specifically their copper business, was seen as unfavorable by Anglo shareholders.

3. The copper market's long-term fundamentals are strong, with supply struggling to meet increasing demand, leading to a shift towards M&A in the industry.

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