January 20, 2020 / 7:29 AM / 6 months ago

Anglo American to buy fertilizer maker Sirius Minerals

Jan 20 (Reuters) - Anglo American said on Monday it agreed to buy Sirius Minerals for 404.9 million pounds ($526.2 million) in cash, marking the global miner’s return to fertilizer.

Sirius shareholders will receive 5.50 pence per share in cash, a 34.1% premium to the closing price on Jan. 7, the day before Anglo American said it was in talks to buy the fertilizer company. ($1 = 0.7695 pounds) (Reporting by Shanima A in Bengaluru; Editing by Anil D’Silva)

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