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
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