First Quantum Blasts Inmet For Spurning $5.2B Takeover Bid

Law360, New York (January 24, 2013, 2:30 PM EST) -- First Quantum Minerals Ltd. on Thursday blasted rival Canadian copper extractor Inmet Mining Corp. for opposing its unsolicited CA$5.1 billion (US$5.2 billion) takeover bid, highlighting the tension building between the two companies as First Quantum pushes for a deal.

The miners have jockeyed to win over Inmet shareholders, who have until Feb. 14 to decide whether to throw their stock behind a CA$72 per share tie-up offer made earlier this month by First Quantum. The tender offer, the company's third go at buying out Inmet, comes...
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