Skadden Reps Stillwater In $118M Marathon PGM Buy

Law360, New York (September 7, 2010, 2:28 PM EDT) -- Stillwater Mining Co. has said it will buy the outstanding shares of Canadian copper, platinum and palladium producer Marathon PGM Corp. in a $118 million deal Stillwater will fund using 50 percent cash and 50 percent stock.

The deal, whose value is based on Stillwater's Sept. 3 closing share price, will see Stillwater exchange 0.112 shares of its common stock and roughly $1.70 in cash for each outstanding share of Marathon PGM in order to increase its platinum and palladium production by 40 percent in three...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.