Deals
Lundin Mining Considers Equinox’s C$4.8 Billion Offer
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Lundin Mining Corp., a Canadian copper and zinc producer, said it’s considering a C$4.8 billion ($4.9 billion) unsolicited cash-and-stock takeover bid from Equinox Minerals Ltd., which trumps an earlier offer from Inmet Mining Corp.
Lundin’s board is evaluating today’s C$8.10-a-share offer with its advisers and will make a recommendation to its shareholders “as soon as possible,” the Toronto-based company said in a statement. Inmet agreed Jan. 12 to acquire Lundin in a friendly all-stock deal currently valued at C$3.58 billion. Lundin rose the most in more than two years in Toronto trading.