Sibanye-Stillwater and Lonmin have agreed to an all-share takeover offer of Lonmin by Sibanye-Stillwater that values Lonmin at about £285 million ($382 million). If fully realized, the agreement will combine Sibanye-Stillwater platinum group metals (PGM) assets in South Africa with Lonmin’s contiguous operations, which include downstream processing facilities, and allow Sibanye-Stillwater to become a fully integrated PGM producer in South Africa.
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