First Quantum Files Unsolicited $5.2B Inmet Takeover Offer

Law360, New York (January 9, 2013, 2:21 PM EST) -- First Quantum Minerals Ltd. on Wednesday officially launched its CA$5.1 billion (US$5.2 billion) unsolicited takeover offer for another Canadian copper extractor, Inmet Mining Corp., as it pushes forward with a plan to emerge as a copper industry powerhouse.

Under the terms of the offer — the third one lobbed since First Quantum started its pursuit last fall — Inmet shareholders would receive $72 in cash or 3.2967 First Quantum shares for each of their units; Investors also have the option to take a mix of $36...
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