Activist firm Elliott Investment Management acquires $1bn stake in Anglo American, after the company rejected a $39bn takeover bid.
Activist firm Elliott Investment Management has taken a $1 billion stake in Anglo American, putting pressure on the UK-listed mining company after it rejected a $39 billion takeover bid from BHP Group. Elliott has a history of involvement in the mining sector, including a 2017 campaign at BHP. Anglo American shares rose by 5% following the news of Elliott's stake.
April 26, 2024
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