Stillwater (SWC) Affirms Receipt of Clinton Group Letter; 'Appreciates Input,' Will Stay Course
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Clinton Group Wants Stillwater Mining (SWC) CEO McAllister to Retire, Says Stock Worth $21-$23
December 20, 2012 12:32 PM ESTHedge fund Clinton Group discloses a letter to Stillwater Mining Co. (NYSE: SWC) demanding changes to the strategy, operations and management.
Clinton said it is time for CEO/Chairman Mr. McAllister to retire.
Clinton Group's view that the Company is undervalued and said that taking the steps outlined in the letter can help stockholders realize fair value for the stock. The Clinton Group's valuation analysis concludes that fair value is approximately $21-23 per share.
COPY OF THE LETTER:
RE: Maximizing Shareholder Value
... More
