Anglo American Agrees Offer for Sirius Minerals
20 Gennaio 2020 - 08:47AM
Dow Jones News
By Adriano Marchese
Anglo American PLC (AAL.LN) said Monday that it has agreed to
purchase Sirius Minerals PLC (SXX.LN) for 5.5 pence in cash per
share.
Anglo American said that the acquisition by its wholly owned
subsidiary, Anglo American Projects UK Ltd., values the entire
issued and to be issued share capital of Sirius at 404.9 million
pounds ($526.5 million).
The cash offer that Sirius shareholders will receive compares
with the previous day's closing price of 5.4 pence.
The company said that Sirius Minerals' North Yorkshire
polyhalite project has the potential to become a world-class,
low-cost and long-life asset.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
January 20, 2020 02:32 ET (07:32 GMT)
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