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MWM

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Alias Born 03/31/2006

MWM

Re: None

Monday, 07/11/2011 9:48:10 AM

Monday, July 11, 2011 9:48:10 AM

Post# of 935
WOW! Stillwater Mining to buy Peregrine Metals for $487 mln

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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.