Finance > M-a

Sibanye offers to buy Lonmin

Sibanye-Stillwater (SJ:SGL) has made an all-share offer to buy PGM producer Lonmin (LN:LMI) via a scheme arrangement between the latter and its shareholders.

Finance > M-a

Sibanye offers to buy Lonmin

Sibanye-Stillwater (SJ:SGL) has made an all-share offer to buy PGM producer Lonmin (LN:LMI) via a scheme arrangement between the latter and its shareholders.

Sibanye offers to buy Lonmin

Lonmin shareholders will hold 11.3% of the enlarged group once the deal is completed

Through the arrangement, each Lonmin shareholder will be entitled to 0.967 Sibanye-Stillwater shares, with Lonmin shareholders to hold 11.3% of the enlarged group once the deal is completed.