Sibanye’s audacious bid for Lonmin approved by all shareholders
Sibanye-Stillwater’s all-share takeover bid for Lonmin is all but complete, creating a major global platinum group metals company
28 May 2019 - 09:34
Sibanye-Stillwater has become one of the world’s leading sources of platinum group metals (PGM) by successfully taking over number three producer Lonmin, sending both their shares soaring.
On Tuesday, shares in Sibanye shot up by more than 10% to R12.43 its biggest one-day gain in more than seven months, while Lonmin rocketed nearly 12% to close at R12.07, its largest rise since February 13, 2018...
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