New Century recommends $95m buyout offer from Sibanye-Stillwater
Australian zinc miner New Century Resources on Wednesday recommended its shareholders accept South African precious metals producer Sibanye-Stillwater’s takeover offer of A$144.1 million ($94.9 million).
New Century said it recommends it shareholders accept the Sibanye offer in the absence of a competing proposal.
New Century, which has been producing zinc from tailings or waste, is an attractive takeover target as Sibanye-Stillwater has been expanding into recycling and waste management.