WILMINGTON, Del., Feb. 16, 2017 (GLOBE NEWSWIRE) -- Rigrodsky & Long, P.A.:
Rigrodsky & Long, P.A. announces that it has filed a class action complaint in the United States District Court for the District of Colorado on behalf of holders of Stillwater Mining Company ("Stillwater") SWC common stock in connection with the proposed acquisition of Stillwater by Sibanye Gold Limited and its wholly-owned subsidiaries (collectively, "Sibanye") announced on December 9, 2016 (the "Complaint"). The Complaint, which alleges violations of the Securities Exchange Act of 1934 against Stillwater, its Board of Directors (the "Board"), and Sibanye, is captioned Assad v. Stillwater Mining Company, Case No. 1:17-cv-00267 (D. Colo.).
If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact plaintiff's counsel, Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail at info@rl-legal.com; or at: http://rigrodskylong.com/investigations/stillwater-mining-company-swc/.
On December 9, 2016, Stillwater entered into an agreement and plan of merger (the "Merger Agreement") with Sibanye. Pursuant to the Merger Agreement, Stillwater shareholders will receive $18.00 per share in cash (the "Proposed Transaction").
The Complaint alleges that, in an attempt to secure shareholder support for the Proposed Transaction, on January 24, 2017, defendants issued materially incomplete disclosures in a Preliminary Proxy Statement (the "Proxy Statement") filed with the United States Securities and Exchange Commission. The Complaint asserts that the Proxy Statement, which recommends that Stillwater stockholders vote in favor of the Proposed Transaction, omits material information necessary to enable shareholders to make an informed decision as to how to vote on the Proposed Transaction, including material information with respect to Stillwater's financial projections, the opinions and analyses of Stillwater's financial advisor, and the background of the Proposed Transaction. The Complaint seeks injunctive and equitable relief and damages on behalf of holders of Stillwater common stock.
If you wish to serve as lead plaintiff, you must move the Court no later than April 17, 2017. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Any member of the proposed class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation, and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar outcome.
CONTACT: Rigrodsky & Long, P.A. Seth D. Rigrodsky Gina M. Serra (888) 969-4242 (302) 295-5310 Fax: (302) 654-7530 info@rl-legal.com http://www.rigrodskylong.com
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