Impala Acquires Platexco

Platexco Inc. and South African-based Impala Platinum Holdings Ltd. (Impala), the world’s second largerst platinum producer, announced on June 8, 2000, that they had entered into an agreement whereby Impala will acquire all of the outstanding shares of Platexco for cash consideration of $9.50 per share, valuing the transaction at approximately $190 million.

Stikeman Elliott’s Toronto office represented Impala with a team that includes Jay Kellerman, Stuart Carruthers, Roger Rudolph of the corporate practice, Thomas Vowinckel and Dean Kraus of the tax practice and Elizabeth Pillon of the litigation practice. Goodman and Carr acted for Platexco with a team of lawyers that included Sandra Cowan, Jenny Chu-Steinberg, Mara Collins (corporate/ securities), Earl Miller (tax), Ronald Carr and Aubrey Kauffman (litigation).