U.S. Activist Investor Elliott Management Builds $1 Bln Stake in Anglo American, Bloomberg Reports

Dow Jones04-26

-- Elliott Investment Management has increased its shareholding in Anglo American to roughly $1 billion in recent months, putting the U.S. investment manager among the ten biggest stakeholders, Bloomberg reports citing unnamed sources.

-- Elliott's share-building in the London-listed diversified miner comes as it has become a target for takeover by Australian mining giant BHP, which had its offer valuing the firm at around $39 billion rejected on Friday.

-- Elliott Management didn't immediately respond for comment when contacted by Dow Jones Newswires.

Full story: https://tinyurl.com/3x2tnmsh

Write to Christian Moess Laursen at christian.moess@wsj.com

(END) Dow Jones Newswires

April 26, 2024 09:32 ET (13:32 GMT)

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