First Quantum Extends Its Hostile Offer for Inmet to Feb. 27

First Quantum Minerals Ltd. extended its hostile C$5.1 billion ($5.1 billion) bid for Inmet Mining Corp. to 5 p.m. New York time on Feb. 27 to give it more time to get the necessary regulatory approvals.

First Quantum, which is based in Vancouver, commented today in a statement.