Quadra FNX Shareholders Approve Bid Giving KGHM Global Reach

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Quadra FNX Mining Ltd. shareholders approved a C$2.87 billion ($2.9 billion) takeover by KGHM Polska Miedz SA, in the nation’s biggest bid abroad designed to deepen the Polish copper producer’s global reach.

Quadra shareholders cast 78.58 percent of shares in favor of the deal, the Canadian company said today at an extraordinary meeting in Vancouver.