Anglo American Approves De Beers Acquisition

Reuters UK reported shareholders at Anglo American (LSE:AAL) gave their final approval for the purchase of De Beers.

As quoted in the market news:

Shareholders in Anglo American voted to approve the global miner’s $5.1 billion acquisition of an additional 40 percent stake in De Beers, bringing the company closer to sealing control of one of the world’s biggest diamond firms.

The deal, which was announced in November and had been widely expected to get the green light from investors, received 99.94 percent backing in a shareholder vote at a general meeting held in London on Friday.

Click here to read the full Reuters UK report.