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Anglo American (Baa2/BBB): Activist Stake

BASIC INDUSTRIES
Credit BulletsBulletHomepageBank Of England (BOE) Market NewsCreditUKAnglo American (AAL) Market News
  • Bloomberg reports that Elliott has taken a ~$1bn stake in Anglo.
  • Interesting development; Elliott are likely to push for asset spin offs to help unlock value.
  • With the size of the stake, buying will have started before yesterday’s headlines. It’s not clear for now what the implications are for BHP’s interest.
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  • Bloomberg reports that Elliott has taken a ~$1bn stake in Anglo.
  • Interesting development; Elliott are likely to push for asset spin offs to help unlock value.
  • With the size of the stake, buying will have started before yesterday’s headlines. It’s not clear for now what the implications are for BHP’s interest.