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Regulators notified of Stillwater miner takeover bid

BILLINGS — Investors including Montana's former governor filed formal notice of their intent to take over a mining company they say is losing money and putting its domestic operations at risk with foreign expansion pursuits, according to regulatory filings released Monday.

Former Gov. Brian Schweitzer and the Clinton Group hedge fund are trying to oust the CEO and board of directors from Billings-based Stillwater Mining Co.

In coming weeks, they'll launch a campaign to convince shareholders that CEO Frank McAllister is not worth the $5.2 million he was paid last year, and that McAllister...

 

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