Anglo American's rescue bid for Sirius a boon for CB investors

Sirius Minerals Aug2019 from corp site 230x150
By Aidan Gregory
20 Jan 2020

Anglo American's offer to rescue Sirius Minerals could provide an unexpected windfall for the convertible bond investors.

Anglo American has formally tabled an offer to rescue Sirius Minerals, the UK company that is struggling to build a huge fertiliser mine under the North York Moors, company, and are likely to redeem the company’s outstanding convertible bonds under their change of control provisions, netting hedge funds ...

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