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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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To: gold$10k who wrote (19671)	9/7/2010 9:43:37 AM
From: Wade	Read Replies (1) of 48092

Nice call!! reuters.com UPDATE 1-Stillwater to buy Marathon PGM for US$118 mln Tue Sep 7, 2010 9:32am EDT * Cash-and-stock deal values Marathon at C$3.55 per share * Deal to boost Stillwater platinum, palladium production TORONTO, Sept 7 (Reuters) - Stillwater Mining Co (SWC.N) said it would buy Canadian exploration company Marathon PGM (MAR.TO) in a cash-and-stock deal worth US$118 million (C$123 million) as it seeks to grow its platinum and palladium resources. Stillwater, a U.S. producer of platinum and palladium, will pay C$1.78 cash plus 0.112 Stillwater common share for each outstanding Marathon share, the companies said on Tuesday. The deal values Marathon at C$3.55 per share, an 89 percent premium over its closing price of C$1.88 Friday on the Toronto Stock Exchange. The deal is expected to increase Stillwater's platinum and palladium production by 40 percent within three years, the companies said. The transaction has been unanimously approved by the boards of both companies and is expected to be completed by the end of November, pending regulatory and other approvals. ($1= $1.04 Canadian) (Reporting by Julie Gordon; editing by John Wallace)

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