Monday, July 11, 2011 9:48:10 AM
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July 11 (Reuters) - Stillwater Mining Co , a U.S. producer of platinum and palladium, said it will buy Canada's Peregrine Metals for about $487.1 million, to boost its copper-gold deposits.
Each Peregrine share will receive $1.35 in cash and 0.08136 share of Stillwater stock.
Based on Stillwater's closing price of $23.72 on Friday, Peregrine is valued at $3.28 per share, the companies said.
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