Appeal makes Sibanye wait

Sibanye-Stillwater will have to wait longer for the conclusion of the long overdue all-share takeover of Lonmin following an eleventh hour appeal filed by Amcu against the Competition Tribunal’s approval of the Sibanye-Lonmin transaction.

Last November, Sibanye-Stillwater’s all-share takeover bid was approved by the Competition Tribunal but Amcu argued that thousands of jobs were on the line with the looming deal. – Moneyweb