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Sibanye Gold $2.2 billion acquisition of Stillwater Mining

4/5/2017
Public acquisition
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$ 2.2 billion

Completed

4/5/2017

Overview:

  • South Africa-based Sibanye Gold has acquired Stillwater Mining in a $2.2 billion deal.
  • Stillwater is the only miner of platinum group metals in the US.
  • Sibanye will partially fund the acquisition through a $750 million rights issue to existing shareholders.
  • BofA Merrill Lynch acted as financial adviser for Stillwater.
  • The transaction is expected to close in the second quarter of 2017.

Kurt Stumpo - Journalist

Jurisdictions:

United States
South Africa

Deal type:

Public acquisition

Practice area:

M&A

Industry sector:

Mining

Firms:
Cleary Gottlieb Steen & Hamilton

Party: BofA Merrill Lynch (Financial adviser)

Lawyer: Paul Shim

ENSafrica

Party: Sibanye Gold (Acquirer)

Holland & Hart

Party: Stillwater Mining (Target)

Lawyer: Lucy Stark

Jones Day

Party: Stillwater Mining (Target)

Lawyers: Andrew Levine, Robert Profusek

Linklaters

Party: Sibanye Gold (Acquirer)

Stikeman Elliott

Party: Stillwater Mining (Target)

Lawyers: Ivan Grbesic, Jay Kellerman

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