Copper Miner KGHM Snaps Up Quadra In $3.4B Deal

Law360, New York (December 6, 2011, 6:42 PM EST) -- Polish mining company KGHM Polska Miedz SA will buy Canadian peer Quadra FNX in a more than $3 billion deal that will land KGHM ore bodies and active copper mines in Canada, the U.S. and Chile, the companies announced Tuesday.

Under the deal, KGHM will pay nearly $15 each for common shares of Quadra, which represents a premium of more than 41 percent over the 20-day volume weighted average of those shares on the Toronto Stock Exchange as of Monday.

While KGHM pinned the transaction's value...
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