Anglo American to buy fertilizer maker Sirius Minerals

Anglo American said on Monday it agreed to buy Sirius Minerals for 404.9 million pounds ($526.2 million) in cash, marking the global miner's return to fertilizer.

Sirius shareholders will receive 5.50 pence per share in cash, a 34.1% premium to the closing price on Jan. 7, the day before Anglo American said it was in talks to buy the fertilizer company.