Sibanye-Stillwater launches takeover offer for Australian zinc miner New Century

Kitco Media
By Reuters
Published:
Updated:
Reuters
Feb 21 (Reuters) - Australian zinc miner New Century Resources received an unsolicited off-market takeover bid from its largest shareholder, South African gold miner Sibanye-Stillwater , the companies said on Tuesday.


The A$1.10 per-share offer valued New Century at A$144.1 million ($99.54 million). Shares of the Australian company climbed 42.2% after receiving the offer.
($1 = 1.4478 Australian dollars) (Reporting by Rishav Chatterjee in Bengaluru)

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