First Quantum Acquires Control of Inmet MiningWith an offer of $5.1 billion, the Canadian mining company has finally gained control of the Cobre Panama mining project.Thursday, March 21, 2013
As indicated by The Globe and Mail, holders of more than 61% of the shares of Inmet Mining accepted the hostile bid from First Quantum, for more than $5 billion in cash and shares.In theory, the purchase could fall if another friendly bidder appeared, but this is seems very unlikely, says the newspaper. Source: Theglobeandmail.com ¿Busca soluciones de inteligencia comercial para su empresa?First Quantum Insists on Purchase of IMnetFebruary 2013 The Board of Inmet has already rejected the first offer by First Quantum, which is now making a hostile bid, directly contacting shareholders of IMnet.
Multi Billion Dollar Bid for Minera PanamaNovember 2012 Inmet Mining, which owns the copper mining megaproject in Panama, has rejected a $4.89 billion takeover bid. Reasons Behind Purchase of Petaquilla by InmetSeptember 2012 The acquisition could help control the environmental problems of the Molejón mine in the neighboring and much larger Cobre Panama project. Inmet Mining Wants to Buy Petaquilla MineralsSeptember 2012 Inmet Mining has announced its offer to purchase common shares of Petaquilla Minerals for $114 million in cash or shares.
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