Shares are down almost 45% this year, and firm took further pummelling on Friday after production outlook warning
The mining company Anglo American could become a takeover target after warning of weaker than expected production, analysts believe. Shares in the London-listed company rose nearly 1% to £18.17 on Monday, valuing the business at £24.3bn, after a pummelling last week that left it exposed to a potential bid.
Anglo’s stock is down nearly 45% this year, and the shares suffered their biggest one-day fall since the financial crisis on Friday when the miner slashed its production outlook.