Anil Agarwal's family trust offers $1b to take London-listed miner Vedanta private

Vedanta Resources Plc Chairman Anil Agarwal’s family trust on Tuesday offered about $1 billion in cash to take the London-listed miner private. Volcan Investments, which currently holds about 67% of Vedanta, offered $10.89 or 825 pence per share to buy the rest of the stake. The deal valuing Vedanta at $3.07 billion represents a premium of about 6 percent to the stock’s Monday close.