Reuters logo
8 months ago
South Africa's Sibanye Gold to buy Stillwater Mining for $2.2 bln
December 9, 2016 / 6:26 AM / 8 months ago

South Africa's Sibanye Gold to buy Stillwater Mining for $2.2 bln

JOHANNESBURG, Dec 9 (Reuters) - South Africa's Sibanye Gold will pay $2.2 billion for U.S.-based Stillwater Mining , Sibanye said on Friday, extending its push into platinum mining.

Sibanye has entered into a definitive agreement to acquire all of the outstanding common stock of Stillwater Mining for $18.00 per share in cash, a 23 percent premium on the firm's closing price on Thursday, the South African firm said in a statement. (Reporting by TJ Strydom; Editing by Muralikumar Anantharaman)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below