Includes R&D, marketing, exploration and G&A. Increased from $22.3 million to $68.3 million from 2001 to 2012. Stillwater disingenuously announced the deal as involving a mere 89% premium. Consideration to Marathon holders at announcement was C$3.55. Marathon stock was trading at C$1.88 prior to announcement and Marathon stockholders retained their interest in Marathon's gold assets (receiving one-half share of new Marathon Gold for each share of Marathon they owed). Marathon Gold closed at C$1.79 per share on the first day of trading. The actual premium was therefore 259%.
Clinton Group Believes Stockholders Should Replace The Stillwater Mining Board Of Directors
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.