JOHANNESBURG (miningweekly.com) – Aquarius Platinum will this week distribute to shareholders information related to the proposed acquisition of Aquarius by Sibanye Gold for a cash consideration of $0.195 a share.
The transaction, which was to be implemented by way of an amalgamation under Bermuda law, needed to be approved by a simple majority of votes cast by Aquarius shareholders at a special general meeting held in Bermuda in January.
“Shareholders should carefully read the meeting materials, as they include important information which will help them make an informed decision on how to vote on the transaction.
“The board of Aquarius continues to unanimously recommend that Aquarius shareholders vote in favour of the transaction, in the absence of a superior proposal,” the miner said in a statement.