Assumes a 20% tax rate (per the Company), a seven-year life because there is a put/call feature at year seven, an 8% high-yield coupon (which was 63 basis points higher than the average high-yield transaction in Q42012), and a starting stock price of $12.12, which was the closing price on October 10, 2013, the day before the transaction was priced. Source: CapitalIQ and Clinton Group analysis, including all acquisitions with a purchase price of at least $60 million. The other two transactions were the purchase of Nextwave Wireless by AT&T in 2012 and the acquisition of OneSource Services Inc. by ABM Industries in 2007.
Clinton Group Encourages Fellow Stillwater Mining Stockholders To Vote For Change
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