Elliott Management has bought about $1 billion worth of shares in Anglo American, a mining company, over the past few months, according to someone familiar with the situation. Elliott Advisors, the activist’s branch in the UK,

Activist investor Elliott Management has quietly built a $1 billion stake in Anglo American (OTCQX:NGLOY), adding pressure to the UK-listed mining giant after it became the target of a $39 billion takeover bid from BHP Group (NYSE:BHP).

Hi, it’s Fareed Sahloul in New York, looking at the timely arrival of activist investor Elliott at Anglo American. Also today, Europe sees its best public market debut in years and there’s a stake in the San Francisco Giants up for grabs.