Anglo American Ends Oppenheimers’ De Beers Dynasty With $5.1 Billion Deal

Anglo American Plc (AAL) agreed to buy the Oppenheimer family’s 40 percent stake in De Beers for $5.1 billion in cash, ending the dynasty’s 80-year ownership in the world’s largest diamond miner. The transaction will increase Anglo’s holding in De Beers to as much as 85 percent, the London-based company said today in a statement. [...]