Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

Sirius Minerals share price soars after Anglo American weighs £386 million rescue deal

The UK-based fertiliser development company has seen its shares climb more than 30% on Wednesday morning as it entered advanced talks with Anglo American over a potential rescue deal.

Sirius Minerals has seen its share price rally by more than 30% on Wednesday morning due to a last-minute rescue bid from Anglo American that could save the company from the brink of collapse.

The British multinational mining company said that it was in ‘advanced discussions’ with Sirius Minerals over a potential cash offer for the business of 5.5p a share, valuing the Yorkshire-based fertiliser developer at approximately £386 million.

Looking to trade Sirius Minerals? Open a live or demo account with IG.

Sirius Minerals management recommends Anglo American offer to shareholders

The deal on the table by Anglo American equates to a 34.1% premium to the stock’s closing price on Monday.

Sirius Minerals management said in a statement on Wednesday that Anglo American’s offer of 5.5p will be recommended at that price to shareholders, so long as it can secure assurances around jobs and other ‘stakeholder interests’.

Under UK takeover rules, Anglo American has until February 5 to make a firm offer for Sirius Minerals or wait six months to return with another offer.

‘Anglo American believes that the possible offer could provide certainty to Sirius’ shareholders, whilst Anglo American brings the financial, technical and marketing resources and capabilities to progress the project over time,’ Anglo American said in a statement.

‘This should also be in the interests of Sirius’ broader stakeholders including employees and customers.’

You can long or short Sirius Minerals with IG using derivatives like CFDs and spread bets.

Anglo American offers lifeline to Sirius Minerals

The rescue deal on the table represents a lifeline for Sirius Minerals, a company that has struggled to raise the necessary funds it needs to complete its two-stage mining development.

The project involves creating two 1.5km shafts and transporting materials from the site to a port on Teeside via a 37km tunnel.

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

Act on share opportunities today

Go long or short on thousands of international stocks with spread bets and CFDs.

  • Get full exposure for a comparatively small deposit
  • Trade on spreads from just 0.1%
  • Get greater order book visibility with direct market access

See opportunity on a stock?

Try a risk-free trade in your demo account, and see whether you’re on to something.

  • Log in to your demo
  • Take your position
  • See whether your hunch pays off

See opportunity on a stock?

Don’t miss your chance – upgrade to a live account to take advantage.

  • Trade a huge range of popular stocks
  • Analyse and deal seamlessly on fast, intuitive charts
  • See and react to breaking news in-platform

See opportunity on a stock?

Don’t miss your chance. Log in to take advantage while conditions prevail.

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Sunday. The Week Ahead gives you a full calendar of upcoming economic events, as well as commentary from our expert analysts on the key markets to watch.

For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of spread betting and CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.