Stillwater Mining Completes Peregrine Metals Acquisition, Falls with Platinum Prices
Stillwater Mining Co. (SWC.TO) is down more than 4% today, falling with slumping platinum and palladium prices, and getting little apparent help from closing on its acquisition of Pergrine Metals (PGM.TO)
Peregrine were exchanged for US$1.35 in cash and 0.08136 shares of Stillwater common stock. Stillwater has applied to have the common shares of Peregrine delisted from the Toronto Stock Exchange.
At last look, platinum for January 2012 delivery was down more than $60 per ounce to $1460.60. March Palladium is off $47.50 to $547.05 an ounce.
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