Fasken Martineau Guides First Quantum's $5B Inmet Takeover

Law360, New York (March 22, 2013, 12:59 PM EDT) -- Canadian copper miner First Quantum Minerals Ltd. on Friday clinched shareholder approval for its CA$5.1 billion (US$5 billion) hostile takeover of rival Inmet Mining Corp., closing out a four-month chase with the formation of a new industry powerhouse.

The holders of 85.5 percent of Inmet's stock threw their shares behind the CA$72 per-share bid, beating the majority threshold required under First Quantum's tender offer. The company said it would push back the official deadline for the offer for a fourth time, to April 1, to allow...
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