Stillwater Mining Company and Marathon PGM Corp Announce Acquisition Agreement

Stillwater Mining Company (NYSE: SWC) and Marathon PGM Corporation (TSX: MAR) announced that they have entered into a definitive agreement pursuant to which Stillwater, by way of a plan of arrangement, will acquire all of the outstanding shares of Marathon PGM.

The press release is quoted as saying:

The deal to buy Marathon PGM is a 50:50 split of cash and Stillwater shares, based on Stillwater’s closing share price at September 3, 2010. According to the terms of the transaction, Stillwater will exchange 0.112 common shares of its stock and Cd$1.775 in cash for each outstanding share of Marathon PGM.

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