03:47 PM EST - Marathon PGM Corporation : and Stillwater Mining Company today announced that they have entered into a definitive agreement pursuant to which Stillwater will acquire all of the outstanding shares of Marathon PGM. The deal to buy Marathon PGM is a 50:50 split of cash and Stillwater shares, based on Stillwater's closing share price at September 3. According to the terms of the transaction, Stillwater will exchange 0.112 common shares of its stock and $1.775 in cash for each outstanding share of Marathon PGM. Total consideration payable by Stillwater for the transaction is valued at approximately $118 million U.S. or $3.55 Canadian per Marathon PGM share, which does not take into account the value of the Marathon Gold shares.Marathon PGM Corporation
shares T.MAR are trading up $1.76 at $3.64.
