Paulson Sees 68%+ of Upside Locked in AngloGold (AU); May Push for Split

February 1, 2013 12:56 PM EST
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AngloGold Ashanti Ltd. (NYSE: AU) shares are ripping higher Friday afternoon amid comments from hedge fund giant John Paulson that he would seek a split of the company to enhance value.

Paulson, head of Paulson & Co., said his firm is exploring options and anticipates AngloGold's value to rise about 68 percent if it were to split into South African operations from those outside South Africa. The South African operations would be a mature, high dividend-paying company, while its international operations would be a high growth business.

Paulson's funds have a 7.4 percent stake in Anglo. The stock is up 9.8 percent on volume.

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