Northam gets regulator approval to proceed with RBPlat offer

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Northam gets regulator approval to proceed with RBPlat offer
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Endorsement by the Takeover Regulation Panel could see the lengthy battle for control of the platinum miner drag on

The Takeover Regulation Panel has given Northam Platinum approval to proceed with its proposed takeover of Royal Bafokeng Platinum , a move that could see a protracted battle for the company drag on.

Northam Platinum announced its proposed bid for RBPlat in November, but was advised a month later that rival bidder Impala Platinum had complained to the TRP about the announcement and a second statement it issued on the JSE’s stock exchange news service ...

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