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Pin to quick picksVedanta Resources Share News (VED)

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Vedanta directors recommend Agarwal buy-out offer

Tue, 31st Jul 2018 10:52

(Sharecast News) - Vedanta Resources has agreed to be taken private by founder and major shareholder Anil Agarwal for a price equivalent to 825p per share.Agarwal's Volcan vehicle, which already owns 66.53% of the FTSE 250 company's shares, offered to pay $10.89 per share in cash, valuing the group at £778m.In addition, Vedanta shareholders are due to receive the announced dividend of $0.41 per share that has been confirmed for payment on 22 August.Vedanta's committee of independent directors, speaking to financial adviser Lazard, "consider the terms of the offer to be fair and reasonable" and have unanimously recommended shareholders accept the offer.Shares in Anglo American have been boosted in recent weeks on speculation that Agarwal, who owns 19.35% of the company, is preparing a plan to merge Vedanta Resources and Anglo American's South African business via a share swap.
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25 Apr 2016 16:00

LONDON MARKET CLOSE: Resource Stocks Hit FTSE 100 While Fed, BoJ Loom

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25 Apr 2016 14:07

FTSE 250 movers: Ted Baker boosted as strike threat hits Wood Group

(ShareCast News) - The FTSE 250 remained in the black in afternoon trading on Monday, though some stocks were under the pump as crude and copper prices fell. Ted Baker was one of the leading risers, after analysts at Jefferies upgraded the stock to 'buy' from 'hold', though they did cut the price ta

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25 Apr 2016 11:00

LONDON MARKET MIDDAY: Resource Stocks Drag FTSE As Brent Rally Stalls

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25 Apr 2016 09:38

WINNERS & LOSERS SUMMARY: St Ives Dives After Profit Warning

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22 Apr 2016 17:57

Vedanta's Cairn India Reports Widening Of Net Loss

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20 Apr 2016 09:40

BUZZ-Miners at top of FTSE as Investec raises PTs

** Shares in mining companies at the top of the FTSE 100 after Investec raises PTs ** Anglo American, Rio Tinto, BHP Billiton , Antofagasta up 3.6-6.5 pct ** Investec upgrades BHP Billiton to "hold" from "sell", ups PTs on Anglo American, Antofagasta, Rio Tinto, and Glencore **

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13 Apr 2016 15:13

UPDATE 1-Zambia parliament to consider reducing copper mineral royalties to 4-6 percent

(Adds details, background) LUSAKA, April 13 (Reuters) - Zambia's parliament will later on Wednesday debate the amended mines bill which proposes to reduce copper royalties to a variable tax of between 4 to 6 percent, depending on the price of the metal. The Mines and Minerals Developm

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12 Apr 2016 19:38

Tuesday broker round-up

(ShareCast News) - Vesuvius: Jefferies downgrades to sell with a target price of 255p. Ashtead: HSBC downgrades to hold with a target price of 970p. Cairn Energy: Canaccord reiterates hold with a target price of 215p. Just Eat: JP Morgan keeps at outperform with a target of 775p. Vedanta: Jefferi

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12 Apr 2016 14:47

FTSE 250 movers: Iron ore prices push resources higher

(ShareCast News) - The FTSE 250 remained in the black on Tuesday afternoon, as investors digested better-than-expected inflation data which reached its highest point in a year. Resources producers, including Evraz and Vedanta Resources, were on the up as iron ore prices surged towards $60 per tonne.

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12 Apr 2016 07:38

LONDON MARKET OPEN: Lower Open Ahead Of UK Inflation But Miners Rise

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11 Apr 2016 16:07

LONDON MARKET CLOSE: Miner Rally Fails To Pull FTSE 100 Out Of The Red

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11 Apr 2016 13:46

UPDATE: Vedanta To Book Impairments As Lenders Provide Support

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11 Apr 2016 11:07

LONDON MARKET MIDDAY: Strong Miners Limit FTSE Losses As Dollar Weakens

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11 Apr 2016 09:58

WINNERS & LOSERS SUMMARY: Iofina Soars After Reaffirming Guidance

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11 Apr 2016 07:38

London pre-open: Stocks seen a little lower after China inflation data

(ShareCast News) - London stocks were set to open a little lower on Monday following a mixed session in Asia after Chinese data revealed inflation remains benign. London's FTSE 100 was seen starting 14 points lower than Friday's close at 6,190. "European stock markets are expected to open slightly

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