Lonmin tanks as UK competition watchdog looks into Sibanye takeover

Shares in struggling South African platinum producer Lonmin (LON:LMI) collapsed Tuesday after Britain’s Competition and Markets Authority (CMA) said it was examining whether the company’s takeover by Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) would reduce competition. By mid-morning, Lonmin shares had lost 5.6%...