Anglo in talks to buy Aussie-backed Sirius

EMBATTLED UK developer Sirius Minerals is in talks with Anglo American over a potential £386 million takeover bid.

Anglo in talks to buy Aussie-backed Sirius Anglo in talks to buy Aussie-backed Sirius Anglo in talks to buy Aussie-backed Sirius Anglo in talks to buy Aussie-backed Sirius Anglo in talks to buy Aussie-backed Sirius

Gina Rinehart at Woodsmith with Sirius CEO Chris Fraser (far right)

Sirius announced early Wednesday it was in "advanced discussions" with Anglo regarding a possible offer of 5.5p per Sirius share.