ANGLO AMERICAN (AAUKY $19.02, rated Overweight and target $33) CODELCO TO PAY $3.81 PER ADS FOR ¼ OF COPPER DIVISION, SUGGESTING BREAKUP VALUE 50%-75% > $32.68 ESTIMATED 12-2011 BOOK VALUE; NOTES FROM OCTOBER 11TH VISIT TO LONDON HQ FOCUS ON POST-2014 CAP EX 10/12/2011
ANGLO AMERICAN (AAUKY $19.02, rated Overweight and target $33) CODELCO
TO PAY $3.81 PER ADS FOR ¼ OF COPPER DIVISION, SUGGESTING BREAKUP
VALUE 50%-75% > $32.68 ESTIMATED 12-2011 BOOK VALUE; NOTES FROM
OCTOBER 11TH VISIT TO LONDON HQ FOCUS ON POST-2014 CAP EX 10/12/2011