0350 GMT - BHP's statement that it's no longer considering a combination with Anglo American "lays to rest any further speculation that BHP might pursue" its rival, says Morgan Stanley analyst Rahul Anand. BHP is restricted for six months from making a bid for Anglo, says Anand. That restriction will take BHP past a shareholder vote on a planned merger between Anglo and Canada's Teck, planned for Dec. 9, he says. "However, whether Anglo's merger with Teck would be completed by such time cannot be determined at this point," he adds. In announcing their deal in September, Anglo and Teck said it could take 12 to 18 months to close. Nevertheless, BHP's remarks remove "a key overhang" for its stock, says Anand. MS has an overweight rating and A$48.00 target. BHP is little changed at A$40.38. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

November 23, 2025 22:50 ET (03:50 GMT)

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