The end is finally in sight for Sibanye-Stillwater’s takeover of platinum producer Lonmin, with shareholders from both companies set to vote next week on the deal. One of the final hurdles was cleared last week when the Competition Appeal Court of South Africa dismissed a bid by the Association of Mineworkers and Construction Union to thwart the transaction.
This is because Sibanye’s share price has fallen 26% since the deal was unveiled in December 2017, while prices for platinum group metals have risen, giving a new lustre to Lonmin. Analysts have since been quoted in the local media as saying that the goalposts have moved for these reasons and the deal should reflect this state of affairs.
Sibanye is a Gold Fields spin-off which has branched out into platinum and has its eye on battery metals. Froneman likes to do deals, but he presents himself as doing so with the bottom line firmly in mind.
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:
ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว
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Amcu's attempt to halt merger between Sibanye-Stillwater and Lonmin fails | IOL Business ReportAmcu's legal bid to prevent the R5 billion merger between diversified mining house Sibanye-Stillwater and platinum producer Lonmin failed.
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