Platinum war hots up with offer for Northam
Northam makes a formal bid for the PGM miner at centre of a battle for control with Implats
09 November 2022 - 09:30
UPDATED 09 November 2022 - 22:40
The takeover battle for control of Royal Bafokeng Platinum (RBPlat) escalated on Wednesday after Northam Platinum put in a formal bid, ratcheting up pressure on Impala Platinum (Implats) to put up a fight for its long-standing target.
In an offer that values RBPlat at about R50bn, Northam offered R172.70 a share in cash and shares for the company, which is coveted for its vast, shallow platinum reserves, topping a R150 per share open-ended offer from Implats...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.