MAC Copper Announces Key Meetings for Acquisition by Harmony Gold, Shareholders to Vote on August 29.

MAC Copper has announced key meetings for its acquisition by Harmony Gold on August 29, 2025. The meetings will be hybrid events, allowing shareholders to participate virtually or in-person. The acquisition is a strategic move for MAC Copper, potentially impacting its market position and stakeholder interests. Analysts have given the stock a Buy rating with a $13.50 price target.

MAC Copper Limited (NYSE:MTAL) has announced significant meetings scheduled for its acquisition by Harmony Gold Mining Company Limited (NYSE:HMY) on August 29, 2025. The acquisition, which is structured under Jersey law, aims for Harmony's Australian subsidiary to acquire 100% of MAC's issued share capital [2]. The meetings, which will be hybrid events, allow shareholders to participate either virtually or in-person.

The acquisition marks a strategic move for MAC Copper, which is focused on operating and acquiring metals and mining businesses, particularly those involved in copper and other minerals critical for the global energy transition [2]. The approval from South Africa’s Reserve Bank was a key milestone, and the recent regulatory approval from Australia’s Foreign Investment Review Board (FIRB) has further advanced the deal [3].

The Court Meeting and General Meeting are set to be held at 44 Esplanade, St Helier, Jersey JE4 PWG and online via the Virtual Meeting Platform at 12:30 pm (Jersey time) / 7:30 am (New York time) / 9:30 pm (Sydney time) on Friday, August 29, 2025 [3]. Shareholders will vote on the Scheme and the General Meeting Resolution, with voting eligibility based on the July 29 share register.

Analysts have given the stock a Buy rating with a $13.50 price target, reflecting the potential impact of the acquisition on MAC Copper's market position and stakeholder interests [2]. The acquisition is subject to shareholder approval and the satisfaction of certain conditions precedent, including clearance from the court and fulfillment of terms in the Streams Restructure Deed [3].

References:
[1] https://www.marketscreener.com/news/harmony-gold-mining-says-australian-firb-approves-acquisition-of-mac-copper-ce7c51ddd980f72c
[2] https://finance.yahoo.com/news/mac-copper-matl-acquisition-gains-192353038.html
[3] https://finance.yahoo.com/news/mac-copper-limited-announces-firb-110000143.html