May 30 - Miner BHP Group walked away from its

$49 billion plan to take over rival Anglo American on

Wednesday after its last-ditch request for more time was

rejected by the London-listed company, ending its six-week

pursuit for the time being.

Here is a timeline of the events that unfolded over the last

six weeks.

* Feb 22: Anglo American announces a review of its

assets

after a 94% plunge in annual profit and writedowns at its

diamond and nickel operations.

* April 25: BHP Group ( BHP ) discloses a bid of $39 billion

for

Anglo American, made on April 16, and proposes to spin off its

London-listed target's iron ore and platinum assets in South

Africa.

* April 25: The South African government announces

scrutiny of BHP's proposed deal to buy Anglo American.

* April 26: Anglo American rejects BHP's first $39

billion

takeover proposal, citing significant undervaluation of the

company and its prospects.

* April 27: BHP considers making an improved offer

for

Anglo American after its initial proposal is rejected.

* April 29: South Africa says BHP Group's ( BHP ) proposed

bid for

Anglo American is "normal market activity".

* May 2: Commodities group Glencore ( GLCNF ) is studying an

approach for Anglo American that could potentially spark a

bidding war, two sources tell Reuters.

* May 7: BHP's plan to divest Anglo American's South

African assets is revealed to be key to its proposed takeover

strategy, investors briefed on the miner's thinking say.

* May 9: Japanese steelmakers raise concerns about

BHP

Group's ( BHP ) potential dominance in the global supply of coking coal

if it acquires Anglo American.

* May 10: Rio Tinto had considered making an offer

for

Anglo American, the Australian Financial Review reports.

* May 13: Anglo American rejects a raised takeover

proposal of $42.67 billion from BHP Group ( BHP ).

* May 14: Anglo American says it plans to refocus on

copper and offload less profitable coal, nickel, diamond and

platinum assets to fend off BHP's takeover bid. CEO says BHP bid

forced him to accelerate plans for a spin-off of its South

African platinum assets.

* May 14: BHP Chief Executive Mike Henry urges Anglo

American investors to consider the merits of his company's bid.

* May 16: Anglo American suspends global hiring as

it

plans to simplify its operations and avert BHP's takeover bid.

* May 22: Anglo agrees to a week-long extension for

BHP to

make a binding takeover offer, after rejecting a third proposal

that values it at $49 billion.

* May 23: BHP stands firm on its latest takeover

proposal

for Anglo American despite the rejection, plans to address

execution risk concerns, sources say.

* May 25: Key shareholders, including BlackRock ( BLK )

,

encourage Anglo to continue engaging in talks with BHP over the

proposed merger.

* May 29: BHP Group ( BHP ) abandons its $49 billion plan to

take

over Anglo American after a last-ditch request for more time is

rejected.

WHAT'S NEXT?

Analysts at JPMorgan and RBC Capital Markets say there are a

few areas to focus on moving forward:

* The delivery of Anglo's standalone or defence strategy to

refocus on copper and spin off or sell its less profitable coal,

nickel, diamond and platinum businesses.

* The potential for other suitors to assess their own

potential

interest in Anglo. Analysts at RBC Capital Markets list out

Glencore ( GLCNF ), Rio Tinto and Vale as the most likely

candidates.

* A partial or total sale of Anglo's copper segment, which

JPMorgan analysts estimate to be worth about $27 billion, or

about 17.25 pounds per share. RBC Capital analysts said that

given the quality of the copper portfolio, they would not

discount the probability of a Chinese state entity getting

involved.

(SOURCE: Reuters stories)

(Compiled by Echha Jain and Yadarisa Shabong in Bengaluru;

Editing by Arpan Varghese and Pooja Desai)