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Vedanta and Anglo American

Bouleversee
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Vedanta and Anglo American

#150056

Postby Bouleversee » July 4th, 2018, 11:24 pm

Does anyone else hold Vedanta and if so what do they think about Agarwal's plan to buy back the shares he doesn't already own at 825p per share (which would leave me with a loss of over 20%) and then organise a merger with part of AngloAmerican (see below).

"On the upside, Anglo American advanced following a report that Anil 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." (Quote from today's Times)

BobGe
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Re: Vedanta and Anglo American

#150367

Postby BobGe » July 6th, 2018, 4:06 am

Caused to wonder about recent 'events'. Hoping VED doesn't go through. As for AAL, no position.

Bouleversee
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Re: Vedanta and Anglo American

#150393

Postby Bouleversee » July 6th, 2018, 9:21 am

I can't see how it wouldn't go through. Agarwal owns 66.5% of Vedanta. Gets my goat that he pays himself a fortune despite the company not doing much for shareholders, then buys it back when the s.p. is low. I also hold Anglo American but the upside on that doesn't compensate for my loss on Vedanta.


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