Odey Asset Management says Anglo-American’s £405m offer is not a fair price for shareholders
Crispin Odey’s asset management fund has rebuffed Anglo-American’s “unjust” takeover bid for Sirius Minerals, saying the £405m offer does not represent a fair price for shareholders in the troubled fertiliser miner.
Odey Asset Management, which owns 1.29% of Sirius, said it would vote against the mining giant’s 5.5p-a-share bid for the company, which plans to dig the UK’s first deep mine in 40 years under the North York moors.
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