On or around 04/27/2017 (Notice of voluntarily dismissal)
Filing Date: January 27, 2017
According to the Complaint, on December 9, 2016, Stillwater’s Board of Directors (the “Board” or “Individual Defendants”) caused the Company to enter into an agreement and plan of merger (the “Merger Agreement”). Pursuant to the terms of the Merger Agreement, shareholders of Stillwater will receive $18.00 per share in cash.
On January 24, 2017, defendants filed a Preliminary Proxy Statement (the “Proxy Statement”) with the United States Securities and Exchange Commission (“SEC”) in connection with the Proposed Transaction. The Complaint alleges the Proxy Statement omits material information with respect to the Proposed Transaction, which renders the Proxy Statement false and misleading.
On April 27, 2017, this case was voluntarily dismissed.
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