Anglo American, a global mining company, offered to acquire Sirius Minerals, a fertilizer development company, for $507m. The proposal represents a premium of 34.1% to the closing price per Sirius share on 7 January 2020. Anglo American believes that the possible offer could provide certainty to Sirius' shareholders, whilst Anglo American brings the financial, technical and marketing resources and capabilities to progress the project over time. This should also be in the interests of Sirius' broader stakeholders including employees and customers.