(ABM FN-Dow Jones) In recent months, Elliott Investment Management has increased its stake in the British mining company Anglo American to $1 billion. Bloomberg news agency wrote this on Friday based on sources.
This means Elliott is now one of the top ten largest shareholders of Anglo American.
According to Bloomberg, Elliott registered as a shareholder of Anglo American in 2017. The activist shareholder then demanded the sale of the oil activities, which was confiscated in 2021.
On Friday, Anglo American rejected rival BHP’s $38.8 billion takeover bid.
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Source: ABM Financial News
ABM Financial News is a supplier of stock market news, video and data, both for real-time trading platforms and dealing rooms and for online and offline media publications. The information in this article is not intended as professional investment advice or as a recommendation to make certain investments.
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