Stillwater Mining (NYSE:SWC) has agreed to buy Peregrine Metals (PINK:PTTDF) for $487.1 million in cash and stock. Stillwater will gain access to the Altar open mine in Argentina, which is said to contain 7.4 billion pounds of copper and 1.5 million ounces of gold.
Deputy Prime Minister Nick Clegg has urged Rupert Murdoch to drop his $12 billion bid for British Sky Broadcasting (PINK:BSYBY) as the U.K. government seeks new regulatory advice about the acquisition. Murdoch’s News Corp. (NASDAQ:NWSA) has been under heavy scrutiny since the News of the World scandal last week.
Peabody Energy (NYSE:BTU) and ArcelorMittal (NYSE:MT) are offering a joint bid of $5 billion for Australia’s Macarthur Coal. Over a year ago, Peabody dropped its initial bid for Macarthur, but presents a renewed offer only a day after the Australian government announced plans to tax carbon emissions.
Lonza (PINK:LZAGF) has agreed to buy Arch Chemicals (NYSE:ARJ) for $1.4 billion in a deal that will create the world’s largest microbial-control business.
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Chinese chemical conglomerate Sinochem Corp. is in discussions with U.S. agricultural products provider Monsanto Company (NYSE:MON) to “deepen their ties significantly”, though it is as yet unclear what their new relationship would be.