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Miner Anglo American could become takeover target, say analysts


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Shares are down almost 45% this year, and took pummelling on Friday after production outlook warning

The mining company Anglo American could become a takeover target after warning of weaker than expected production, analysts believe.

Shares in the London-listed company rose nearly 1% to £18.17 on Monday, valuing the business at £24.3bn, after a pummelling last week that left it exposed to a potential bid.

Continue reading…Shares are down almost 45% this year, and took pummelling on Friday after production outlook warningThe mining company Anglo American could become a takeover target after warning of weaker than expected production, analysts believe.Shares in the London-listed company rose nearly 1% to £18.17 on Monday, valuing the business at £24.3bn, after a pummelling last week that left it exposed to a potential bid. Continue reading…