Stillwater Mining Activist Investor Says Research Firm Backs Its Efforts to Replace Board; SWC Up 2%

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Clinton Group Inc, an activist shareholder pushing to replace Stillwater Mining Co.'s ( SWC ) board, said a research firm has recommended "sweeping changes" to the company's leadership.

Institutional Shareholder Services recommends stockholders support changes by voting on the green proxy card at this year's annual general meeting, Clinton said, adding the firm has noted that "the significant underperformance over the 3 and 5 year periods is striking evidence that all is not well" at Stillwater and that Clinton has "demonstrated a compelling case that change at the board level is warranted."

Stillwater earlier this week sent a letter to investors highlighting its track record and raising concern about board nominees put forward by Clinton Group.

Stillwater stock is up 2% at $10.58, within a 52-week range of $7.47 - $14.87.



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This article appears in: Investing , Commodities

Referenced Stocks: SWC

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