Sibanye Stillwater's Settlement Agreement Is Positive -- Market Talk
Dow Jones
Nov 10
0836 GMT - Sibanye Stillwater's $215 million settlement agreement with Appian removes one of the key overhangs that dragged on its stock, RBC Capital Markets analyst Ben Davis writes. The settlement represents 30% of the potential $720 million of damages, is 40% lower than the $360 million RBC Capital Markets had expected, he writes. The payment settles a dispute with private-equity firm Appian Capital Advisory over the termination of an acquisition of stakes in two Brazilian mining companies. Shares trade up 6% at 4,844 South African rand. (adam.whittaker@wsj.com)
(END) Dow Jones Newswires
November 10, 2025 03:37 ET (08:37 GMT)
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