Investors including Montana's former governor have filed formal notice with federal regulators of their intent to take over a precious metals mining company they say has been mismanaged.
Former Gov. Brian Schweitzer and the Clinton Group hedge fund are seeking to oust the chief executive officer and board of directors from Billings-based Stillwater Mining Co.
Paperwork accepted Monday by the Securities and Exchange Commission provides details of a replacement board that would include Schweitzer and former Stillwater CEO Charles Engles.
Also among the nominees are John DeMichiei of Montana's Signal Peak coal company and Clinton Group managing director Greg Taxin.
The takeover bid comes as Stillwater has sought to diversify beyond its Montana platinum and palladium mines. It's invested hundreds of millions of dollars into projects in Canada and Argentina.
Regulators notified of Mont. miner takeover bid
YELLOWSTONE COUNTY
POSTED: 12:31 PM Mar 11 2013
Text Size:
-
Copyright 2013 by The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Comments
You share in the NBC Montana.com community, so please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. Use the "Report Abuse" link if a comment violates these standards. The views expressed are not those of NBCMontana.com, NBCMontana or its affiliated companies. This is a community moderated forum. (Please note the 'Like' and 'Report' buttons.) By posting your comments you agree to accept our terms of use.
blog comments powered by Disqus









