Just when you thought the show was over, Impala Platinum came up with a slick move to try one more time to take control of Royal Bafokeng Platinum, or RBPlat.
It’s not clear if it is the same offer Implats pitched to RBPlat a few weeks ago, but it makes sense that RBPlat’s then top-shareholder Royal Bafokeng Holdings rejected it. For all its compelling industrial merits and value-creation opportunities, the offer is commercially inferior to the R180 per share Northam paid to Royal Bafokeng Holdings , which houses the commercial assets of a North West province community that sits atop some of the world’s richest platinum reserves.
This is enough to give Muller confidence that other shareholders will follow suit, and give Implats at least a controlling stake that would allow him to dictate the strategic direction of the company.
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BREAKING NEWS: Implats makes R43bn buyout offer for RBPlatsImpala Platinum has tendered R150 per share, having already acquired a stake of almost a quarter
Source: BDliveSA - 🏆 12. / 63 Read more »
Implats makes R43bn buyout offer for RBPlatImpala Platinum has tendered R150 per share, having already acquired a stake of almost a quarter MaanoMadima 😂
Source: BDliveSA - 🏆 12. / 63 Read more »
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