Lonmin CEO says will not shy away from merger or takeover

February 9, 2016

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Lonmin will not “shy away” from a merger or takeover but for now the company was focused on its plan to survive tough market conditions, its chief executive said on Tuesday. “We are continuously looking at options to maximise value for our shareholders and all other stakeholders. Should it be of benefit to our shareholders and stakeholders it’s not something we would shy away from,” CEO Ben Magara told Reuters in an interview at a mining conference in Cape Town.

Category: General