MERGERS & ACQUISITION

Odey Asset Management will vote in favour of any bid for Sirius Minerals from Anglo American at 7p a share or above, the London-based investment firm said in a statement on Wednesday. The firm added, however, that the current bid of 5.5p a share does n…

London-based hedge fund Odey Asset Management said it would oppose Anglo American’s bid to acquire a huge fertiliser project from Sirius Minerals at 5.5p a share, saying the terms do not represent fair value.

The asset under a national park in North …