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BRIEF-Sibanye to acquire stillwater mining company for $2.2 billion
December 9, 2016 / 10:32 AM / 10 months ago

BRIEF-Sibanye to acquire stillwater mining company for $2.2 billion

Dec 9 (Reuters) - Stillwater Mining Co

* Stillwater mining-deal for an all-cash transaction at $18.00 per share, a 25% premium to stillwater’s 30 day volume-weighted average share price

* Stillwater-Sibanye secured bridge financing of $2.7 billion provided by citi and hsbc to fund deal ,repay certain existing indebtedness of stillwater

* Stillwater mining -co required to pay break-up fee of $16.5 million,reimburse sibanye for up to $10 million of expenses in event merger is terminated

* Stillwater mining-sibanye’s two largest shareholders, gold one international ltd. & ublic investment corporation ltd have confirmed support of deal

* Stillwater-Sibanye required to pay reverse break-up fee of $33 million and reimburse stillwater for up to $10 million of expenses in event merger agreement

* Sibanye to acquire stillwater mining company for $2.2 billion Source text for Eikon: Further company coverage:

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