Posted in | Platinum | Mining Business

CFIUS Review Completed for Proposed Acquisition of Stillwater Mining by Sibanye Gold

Stillwater Mining Company (“Stillwater” or “Company”) (NYSE:SWC) today announced that it has been informed that the review by the Committee on Foreign Investment in the United States (CFIUS) related to the proposed acquisition of the Company by Sibanye Gold Limited has been completed, and there are no unresolved national security issues with respect to the transaction.

The closing of the transaction remains subject to (1) approval of the merger agreement by the holders of a majority of Stillwater’s outstanding shares, (2) approval of the transaction by the holders of a majority of Sibanye’s shares present and voting, (3) the approval of the related issuance of shares by Sibanye in a rights offering by the holders of at least 75% of the shares present and voting, and (4) other customary conditions.

Both Stillwater and Sibanye Gold Limited have scheduled shareholders’ meetings on April 25, 2017 to conduct voting related to the proposed merger.  

Source: http://investorrelations.stillwatermining.com/phoenix.zhtml?c=99837&p=irol-newsArticle&ID=2262223

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