Clinton Group Nominees Win Half Of Stillwater Board Seats

Law360, Los Angeles (May 2, 2013, 8:44 PM EDT) -- Four seats on Stillwater Mining Co.'s eight-member board now belong to directors nominated by hedge fund and activist investor Clinton Group Inc., less than a month after Clinton Group renewed calls for a takeover of the platinum-group metal producer's board, Stillwater announced Thursday.

The preliminary announcement of the vote comes less than a month after Clinton Group, which has actively criticized Stillwater's "ill-conceived" acquisition strategy, renewed its call to replace Stillwater’s board of directors in a scathing letter to fellow shareholders, excoriating what it called Stillwater’s...
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