First Quantum Again Pushes Deadline For $5.2B Inmet Offer

Law360, New York (February 27, 2013, 1:33 PM EST) -- First Quantum Minerals Ltd. on Wednesday again extended the timetable for its CA$5.1 billion ($5.2 billion) hostile takeover bid for rival Inmet Mining Corp., further drawing out the Canadian copper extractors' increasingly heated and public battle for control.

The tender offer had been set to close at the end of Wednesday, but the pushed-back deadline will give Inmet shareholders until March 11 to throw their stock behind the CA$72-per-share cash-and-stock proposal. First Quantum's latest extension is the second such postponement since it took its hotly contested...
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