Amcu loses appeal against Sibanye’s bid for Lonmin
The path is now cleared for shareholders in both companies to vote on the all-share deal as some analysts push for a higher offer for Lonmin
17 May 2019 - 11:06
The Competition Appeal Court ruled against the Association of Mineworkers and Construction Union (Amcu) in its appeal against a tribunal decision to conditionally approve Sibanye-Stillwater’s takeover of Lonmin.
Sibanye’s all-share bid for Lonmin has now cleared all the hurdles ahead of shareholder votes at both companies to approve the transaction, which will thrust Sibanye into one of the leading positions as a global platinum group metals (PGMs) producer...
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