Shares of mining company Anglo American plc dropped as much as 6% on Monday following reports that its Australian competitor BHP Group Ltd. is halting the bid to acquire it. BHP is allegedly backing out of the deal for the time being due to the recent rise in Anglo American's stock price. Neither company has released an official statement yet.
Anglo American's stock lost 5.78% at 10:59 am CET, although it still stands 26.28% higher in a year or 1.81% in a month.