Chris Ratcliffe | Bloomberg | Getty Photographs
Elliott Administration has constructed a roughly $1 billion stake in miner Anglo American in latest months, an individual conversant in the matter advised CNBC.
Anglo American shares had been up 5%.
Information of the activist’s place comes because the $43 billion, London-based miner faces takeover curiosity from BHP, a mining large with worldwide operations. Anglo rejected BHP’s $39 billion takeover provide Friday morning, saying BHP’s provide “considerably undervalues Anglo American and its future prospects.”
Anglo American declined to remark.
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