Paulson Buying Gold
| March 17th, 2009 | ||
| In a press release today, Anglo American plc announced that it has sold all of its 39,911,282 shares of AngloGold Ashanti Limited to Paulson & Co. The stake, which represents 11.3% of AngloGold’s shares out, was sold for $32.00 per share in cash, generating proceeds of $1.28 billion. It is suspected that Paulson & Co’s interest in gold has been fueled by the recent actions of world governments who have been printing money to stave of the financial crisis. | ||
See Press Release | ||
For Detailed Investor Profiles on these Investors, click below: |
Paulson & Co. |
Related People: Andrew Hoine;
Related Entities: Paulson Advantage Master Ltd;
Related Article Tags: Shareholder Activists, Corporate Raiders and Proxy Battles
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