The Stock of the Day is BHP (ASX: BHP)

BHP (ASX: BHP) has abandoned its $75 billion takeover bid for Anglo American, saying it has not been able to secure the backing of Anglo's board. This means that under UK rules, BHP cannot return to make another bid for at least six months unless there is another offer put on the table. BHP's aim was to secure Anglo American's copper assets in Latin America. BHP's share price was down by 1.8%. Our experts, Francesco De Stradis from Ord Minnett and Howard Coleman from TeamInvest, weighed in on the news. Francesco says that he sees copper as the commodity that is most likely to benefit over the next few years and as this was such a large focus of the deal, he's not surprised to see the share price down as a result of BHP backing away from the acquisition. He still sees BHP as a good play for the long-term. Howard isn't a big fan of the miners as their value is so closely tied to what happens with commodity prices and notes that while it's not going to be a "capital killer", you could probably do better to put your money elsewhere - so will it be a buy, hold or sell?

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