[ad_1]
TORONTO – Lundin Mining Corp. abides by its commitment to take a $ 1.4 billion takeover bid directly to shareholders of Nevsun Resources Ltd. after the target company rejected its earlier proposals.
He formally requested the list of Nevsun shareholders and will directly offer $ 4.75 in cash for each share.
Nevsun, in response, advises shareholders not to do anything until he makes an official recommendation, noting that the offer is open until November 9 and Lundin has announced that she was planning to host a hostile bid for her Vancouver competitor on July 16th.
Since, Nevsun's stock price has jumped by nearly 15 Lundin says the offer represents a 82 percent premium at closing price of $ 2.61 on February 6, date of his first proposal at Nevsun, and 33 percent at the closing price of April 30, the date on which he made a public offer.
The companies in this article include: (TSX: NSU, TSX: LUN)
Source link
