According to the tribunal, Northam will be limited to making written and oral submissions on the alleged potential harm of the merger, including on the"effect on competition in the local upstream market for the production and sale of primary concentrate and the extent to which the merger effects could be prejudicial to junior miners."
Impala Platinum has meanwhile offered to buy out all RBPlat shareholders and has so far acquired 37.83% of the shares. The Competition Commission recommended to the Tribunal that the deal be approved. After the tribunal's ruling, Northam's legal representatives and economic advisors will now be granted access to the confidential version of the commission’s merger recommendations.
Impala argued at the time that Northam has no legitimate interest in justifying its intervention and is simply playing for time as it figures out how to bump up its own shareholding in RBPlat.
Fin24 You're indeed a great man.I assure you that I will bring more clients to you because of what you've done in my life, I promise to let the word know about your company investment.Your work speaks volumes of the kind of man you are, Thank you so much for the profit MarcusJailson5
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Northam granted the right to intervene in Implats-RBPlat merger hearingsCompetition Tribunal rules Northam can give evidence only on the proposed merger’s effects on the ore-processing market and on junior miners 🔒
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: News24 - 🏆 4. / 80 Read more »