Anglo American to buy fertilizer maker Sirius Minerals

Sirius shareholders will receive 5.50 pence per share in cash, a 34.1% premium to the closing price on Jan. 7, which was the day before Anglo American said it was in talks to buy the fertilizer company.Shares of Sirius Minerals were 1.9% higher, while Anglo shares up 0.4% in the early trading.Sirius has been battling to get bank financing to complete its North Yorkshire polyhalite mine, Britain's biggest mining project, since it began fundraising with retail investors in 2017.