First Quantum Extends Inmet Offer, Says 61% of Shares Tendered

First Quantum Minerals Ltd. said it extended its offer for Inmet Mining Corp. (IMN) to March 21 and that 61 percent of Inmet’s shares have been tendered so far.

First Quantum said the offer has been changed to allow the minimum tender condition to be satisfied with more than 50 percent of Inmet’s shares. First Quantum commented today in a statement.

To contact the reporter on this story: Simon Casey in New York at scasey4@bloomberg.net

To contact the editor responsible for this story: Simon Casey at scasey4@bloomberg.net

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