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Sibanye Gold (SBGL) Stock Higher on Offer to Acquire Aquarius Platinum

NEW YORK (TheStreet) -- Sibanye Gold (SBGL) stock is gaining by 6.22% to $5.81 in early morning trading on Tuesday, after the company agreed to buy platinum miner Aquarius Platinum (AQPTY) for $294 million.

Sibanye will offer 2.66 rand (about 20 cents) per share for Aquarius, and Aquarius's board has urged shareholders to vote in support of the offer, Bloomberg reports.

The deal...