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Odey to vote in favour of Anglo American bid for Sirius at 7 pence per share

Wed, 19th Feb 2020 07:28

LONDON, Feb 19 (Reuters) - Odey Asset Management will vote
in favour of any bid for Sirius Minerals from Anglo
American at 7 pence per share or above, the London-based
investment firm said in a statement on Wednesday.

The firm added, however, that the current bid of 5.5 pence
per share does not represent fair value for shareholders and
that it will vote against any offer that is not designated as
'final' at the current level.

Odey, which had a 1.29% economic interest in Sirius Minerals
as at Feb 18.
(Reporting by Abhinav Ramnarayan, editing by Sinead Cruise)

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