Steven M. Hecht is quoted in a Law360 article discussing the latest updates in the Stillwater Mining Company appraisal case. He notes that Stillwater’s unaffected stock price in the weeks before the deal was announced should not be considered a reliable indicator of value. This is due to the 22 million ounces of precious metals that were never valued or made known to the market resulting in millions of dollars in value that was not reflected in the stock price.
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