SHAREHOLDER UPDATE: Brodsky & Smith, LLC Announces an Investigation of The Board of Directors of Stillwater Mining Company
16.12.2016 | Accesswire
BALA CYNWYD, December 16, 2016 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Stillwater Mining Company ("Stillwater" or "the Company") (NYSE- SWC-News) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Sibanye Gold Ltd.. ("Sibanye").Click here to learn more http://www.brodskysmith.com/cases/stillwater-mining-company-nyse-swc/, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Stillwater shareholders will receive only $18.00 in cash for each share of Stillwater stock they own. The investigation concerns whether the Board of Stillwater breached their fiduciary duties to shareholders and whether Sibanye is underpaying for the Company. The transaction may undervalue the Company and may not be in the best interests of the Stillwater shareholders. For example, an analyst has set a $21.00 per share price target for Stillwater stock and the price being paid by Sibanye is below the premium paid in comparable transactions.
If you own shares of Stillwater stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by visiting http://www.brodskysmith.com/cases/stillwater-mining-company-nyse-swc/, or calling toll free 877-LEGAL-90.
>Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE: Brodsky & Smith, LLC