Appian victorious in High Court claim against Sibanye-Stillwater following unlawful termination of US$1.2 billion transaction [Yahoo! Finance]
D/B/A Sibanye-Stillwater Limited ADS (SBSW)
Company Research
Source: Yahoo! Finance
long-term value-focused private capital funds that invest in companies in metals, mining, and adjacent industries, welcomes today's ruling from the High Court of England and Wales that Sibanye-Stillwater Limited and its subsidiary Sibanye BM Brazil (Pty) Ltd (together, "Sibanye") are liable for damages caused by unlawfully terminating their US$1.2 billion transaction with Appian to acquire shares in Atlantic Nickel and Mineração Vale Verde in January 2022 Highlights High Court decision vindicates Appian's position that Sibanye breached its contract by terminating its acquisition of Atlantic Nickel and Mineração Vale Verde without any legal basis The Judge held that Sibanye is liable to compensate Appian for the losses caused by its unlawful refusal to close the binding US$1.2 billion deal Appian will seek to recover its losses in full, including interest that would have accrued since January 2022 The quantum of these damages will be determined at trial in November 2025 The
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News
- TSX futures steady after stock sell-off on hawkish Fed decision [Yahoo! Finance Canada]Yahoo! Finance Canada
- Palladium Market Analysis and Developments, Q4 2024, Featuring In-Depth Profiles of 52 Companies Operating in the Global Industry, Including Norilsk Nickel, Anglo American, and Sibanye-Stillwater [Yahoo! Finance]Yahoo! Finance
- CopperCorp Granted New Exploration Licence EL11/2024 Adjacent to Razorback Property [Yahoo! Finance]Yahoo! Finance
- Sibanye-Stillwater teams up with C5 Capital to develop advanced nuclear energy projects [Seeking Alpha]Seeking Alpha
- C5 Capital Signs MOU with Sibanye-Stillwater to Advance Nuclear Energy in South Africa, the United States and Globally [Yahoo! Finance]Yahoo! Finance
SBSW
Sec Filings
- 12/19/24 - Form 6-K
- 12/19/24 - Form 6-K
- 12/9/24 - Form 6-K
- SBSW's page on the SEC website