Stillwater Mining Buying Peregrine in $487.1M Deal

Bloomberg reports that Stillwater Mining Co. (NYSE:SWC) plans to buy Peregrine Metals Ltd. (TSX:PGM) in a cash-and-stock deal valued at $487.1 million.

The market news is quoted as saying:

Copper futures for September delivery rose 2.35 cents, or 0.5 percent, to close at $4.3915 a pound at 1:10 p.m. on the Comex in New York. The price lost 1.7 percent in the previous two days.

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