Here's your summary from Anglo to Talk With BHP After Rejecting Third Offer (https://www.youtube.com/watch?v=nzIPUUr5lmg) on the Bloomberg Television channel:

**TLDR:** Anglo has rejected BHP's third offer but is open to talks, with BHP stating it is their final offer due to a disagreement over a proposed merger of South African units.

1. BHP sees copper as a growth opportunity and wants to rebalance its portfolio away from its reliance on the metal.

2. Anglo has a strong position in copper in the Andes, which is attractive to BHP.

3. The sticking point in negotiations is BHP's proposed complicated structure for merging South African units before the merger can proceed.

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