Why Anglo American (AAUKY) Stock Is Higher Today

NEW YORK (TheStreet) -- Shares of London-based Anglo American (AAUKY) are up 2.38% to $12.93 on very heavy trading volume after company CEO Mark Cutifani said he was open to takeover offers, the Wall Street Journal reports.

The CEO of one of the world's largest mining companies said he won't pull up the drawbridge if a compelling takeover offer arrives, the Journal said.

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"My job is to create value, however that may be shown," he said.

Mr. Cutifani's hopes to boost Anglo's return on capital employed to at least 15% in 2016, the Journal added. That measure slipped to 10% in the first half of 2014 from 11% a year earlier.

AAUKY Chart AAUKY data by YCharts

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