Law 360 M&A

JANUARY 13, 2023

The Delaware Supreme Court upheld a ruling that Stillwater Mining Co. doesn't have insurance coverage for its $20 million-plus legal bill stemming from a 2017 stockholder appraisal lawsuit, rejecting the company's argument that Montana law should apply to the dispute.

Appraisal 98

Appraisal 98

Law 360 M&A

NOVEMBER 9, 2023

Davis Polk & Wardwell LLP is guiding South African precious metals mining company Sibanye-Stillwater on a new agreement to acquire the Reldan Group of Cos. at an enterprise value of $211.5 million, with a cash purchase consideration of $155.4 million, according to a statement Thursday.

Enterprise Value 40

Enterprise Value 40

Appraisal Rights

JANUARY 27, 2020

August 12, 2019); and (3) In re Stillwater Mining Company (August 23, 2019).

Appraisal 40

Appraisal Marketability 40

Cooley M&A

JULY 9, 2021

None of the cited precedents, nor Stillwater , found that an adjustment to the deal price was warranted for temporal fluctuations between signing and closing. Panera Bread was a publicly traded company that JAB Holdings B.V. took private in 2017 for $315/share.

Appraisal 52

Appraisal Fair Market Value Marketability Finance 52

Brian DeChesare

APRIL 19, 2023

Metals & mining investment banking used to be a “sleepy” group. The two industries have a lot in common, but in the current cycle, different forces are driving mining – such as the demand created by renewable energy, electric vehicles (EVs), and the promised “energy transition.”

Banking 52

Banking Start-ups Private Equity Firm Equity 52