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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 Sibanye offers to buy Lonmin Sibanye offers to buy Lonmin Sibanye offers to buy Lonmin 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.

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