First Quantum ready to take over Inmet and create world bigg

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LesCrozes

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Inscription: Jeu 14 Mai 2009 16:23

Message Dim 17 Mar 2013 16:09

First Quantum ready to take over Inmet and create world bigg

First Quantum ready to take over Inmet and create world biggest copper producer
Sunday 17 Mar, 2013
Mining reported that First Quantum Minerals is set to take control of fellow Canadian miner Inmet Mining Corporation after announcing it was changing the terms of its hostiLE USD 5.1 billion takeover and extending the deadline by 10 days.

Vancouver based First Quantum said that it has received strong endorsement from its smalLEr rival’s shareholders, as the majority of them tendered shares in favour of the offer which was designed to create one of the world’s LEading copper producers.

Earlier this year, Inmet’s board rejected a hostiLE takeover offer of CAD 72 per share from First Quantum, claiming the bid was financially inadequate and would deprive its shareholders of the benefits expected from Cobre Panama, Inmet’s USD 6.2 billion copper and gold project in the Central American country.

First Quantum said that it modified the takeover proposal to allow the minimum tender condition to be satisfied if more than 50% of Inmet's outstanding shares have been deposited before the new deadline. The cash-and-stock offer was previously contingent on more than two thirds of the shares being tendered in favour of the deal.

Under Canadian law, First Quantum needed to extend the offer period after adjusting the terms of the offer which is now due to expire at midnight on March 21. Financial Post’s Peter Koven believes the company played its hand perfectly, whiLE Inmet made a key strategic error. As a result, First Quantum is on the verge of compLEting a hostiLE takeover for LEss money than almost anyone expected.

The Vancouver based miner holds extensive copper, nickel and gold assets throughout Africa and Australia, whiLE Inmet mines copper and zinc in Turkey, Spain and Finland. If the two companies combined, the entity would have a projected output of 1.3 million tonnes per year by 2018.

Source - Mining.com

(www.steelguru.com)
Ce que l'on conçoit bien, s'énonce clairement, Et les mots pour le dire arrivent aisément. BOILEAU
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mbury

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Inscription: Sam 19 Sep 2009 09:49

Localisation: Nord de l'Alsace, dans le Parc Régional des Vosges du nord

Message Dim 17 Mar 2013 17:56

Re: First Quantum ready to take over Inmet and create world

Merci Les Crozes, pour cette nouvelle avant l'heure ( le 21 mars).Voilà aussi pourquoi le cours de FQM a pris presque 20 % en qqs séances: une excellente affaire pour l'attaquant! Comment FQM va-t-il payer la partie "numéraire"? Voilà une question qui pourrait nous intéresser directement, si... remontée du cash de Kansanshi...
Croisons les doigts
Bonne fin de diamnche MB
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mbury

Messages: 1670

Inscription: Sam 19 Sep 2009 09:49

Localisation: Nord de l'Alsace, dans le Parc Régional des Vosges du nord

Message Ven 22 Mar 2013 15:51

First Quantum détient plus de 80 % le 21 mars au soir

Voilà une OPA réussie!
A suivre, le payement en cash des actionnaires d'INMET...
MB

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