Northam has made an offer for Royal Bafokeng Platinum that values the miner at R50 billion, and it comes as rival Impala Platinum looks to get its takeover deal over the line. | News24_Business
For more finance news, go to the Northam Platinum has swooped in on Royal Bafokeng Platinum with an all-share offer that values the mid-tier miner at R50 billion.
The group said the offer is underpinned by a compelling rationale for all stakeholders of both Northam and RBPlat, including shareholders, employees and host and affected communities. Impala has been steadily working to acquire RBPlat through an open offer to all shareholders of R90 cash per share plus 0.3 ordinary shares in Impala. As of Tuesday's close, this offer was worth about R150 per share.In a shock move late last year Northam bought just shy of 35% of RBPlat at a premium price of R180.50 but, up until Wednesday, had not made a move to acquire more.
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