Northam makes a formal bid for the PGM miner at centre of a battle for control with Implats
The takeover battle for control of Royal Bafokeng Platinum escalated on Wednesday after Northam Platinum put in a formal bid, ratcheting up pressure on Impala Platinum 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...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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