Stillwater management fights Schweitzer's takeover bid

BILLINGS (AP) — The chief executive of a Montana mining company urged shareholders on Wednesday to reject a takeover by a group that includes former Gov. Brian Schweitzer.

Stillwater Mining CEO Frank McAllister said a takeover could hurt the company's growth at a time when it's well-positioned to profit from anticipated increases in platinum and palladium prices.

The comments came as the state's largest publicly traded mining company kicked off a six-week campaign to stall the takeover bid ahead of a May 2 annual shareholders meeting.

Schweitzer and the Clinton Group, a New York hedge fund, ha...