Tuesday, March 3, 2020

Sirius Minerals takeover at risk after investor rebellion

Some say they would rather let company collapse than accept £405m Anglo American offer

The future of a £4bn mine under the North York Moors is hanging in the balance after an investor rebellion that threatens to derail the £405m takeover of Sirius Minerals, the company developing it.

During a fractious shareholder meeting, at which security guards were drafted in to monitor “credible threats” against directors, investors branded members of the board “stupid” and called the takeover a “bloody disgrace”.

Continue reading...

from Mergers and acquisitions | The Guardian https://ift.tt/2TkDqF7

No comments:

Post a Comment