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...
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