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Inmet tells shareholders to reject First Quantum's hostile takeover bid

Michael Allan McCrae | January 22, 2013 | 4:55 pm Base Metals Canada Latin America Copper 

Stating that First Quantum (TSX:FM) bid fails to adequately compensate, Inmet Mining (TSX:IMN) told its shareholders to reject First Quantum's C$5.1 billion bid. "The Inmet Board has concluded that the First Quantum Offer fails to adequately compensate shareholders for Inmet's low risk asset...

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