Stillwater To Buy Marathon PGM For $118M09-09-2010 | Source: emii.com
U.S. platinum-group metals producer,
Stillwater Mining, is purchasing
MarathonPGMfor $118 million to gain a Canadian project. Stillwater will exchange0.112 of a common share and $1.71 for each outstanding Marathon share aspart of the deal.
Toronto-based platinum-group metals producer, Marathon, will spin off its gold properties into its subsidiary, Marathon Gold, in which Stillwater will retain a stake. Stillwater is being advised by Deutsche Bank, while HaywoodSecurities is advising Marathon PGM.
https://www.emii.com/Articles/2664130/Capital-Markets/Capital-Markets-Articles/Stillwater-To-Buy-Marathon-PGM-For-118M.aspx