Anglo American rescues Sirius Minerals after high yield failure

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By Aidan Gregory
09 Jan 2020

Shares in Sirius Minerals, the UK firm that is battling to build a mine for polyhalite fertiliser beneath the North York Moors, rallied significantly on Wednesday after the company said it was in advanced takeover discussions with Anglo American.

Sirius closed at 5.55p on Wednesday, up 35% from the previous close, after Sirius said Anglo American was offering to buy it at 5.5p a share, valuing it at £386m.

The offer price is a 61.7% premium to the three month volume-weighted average price of Sirius, and ...

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