Activist investor Elliott builds $1bn stake in Anglo American

Activist fund Elliott has built up a $1-billion stake in Anglo American, a filing showed on Friday, after the London-listed miner became a takeover target by bigger rival BHP Group. Elliott disclosed total interests of about 2.5% in Anglo American, according to a filing with the UK's Takeover Panel. That makes it one of the miner's top 10 shareholders, as per LSEG data.