RBPlat recommends shareholders accept takeover offer from Implats
The platinum miner’s board has recommended shareholders accept the offer following an independent opinion from PSG Capital
11 February 2022 - 15:24
Royal Bafokeng Platinum’s independent board has recommended shareholders accept a buyout offer from peer Impala Platinum that values it at R43bn, saying there aren’t any competing offers, and that it is fair and reasonable.
The tie-up will allow Implats to contend for the status as the world’s largest producer of platinum group metals, and there had been speculation there may be a bidding war with rival Northam Platinum, which also built up a stake in RBPlat in 2021...
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