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Nevsun shares soar as it rejects $1.2-billion bid from Lundin, Euro Sun

Cecilia Jamasmie | May 08, 2018 | 7:05 am Base Metals Precious Metals Europe Copper Gold Zinc 

Shares in base metals producer Nevsun Resources (TSX, NYSEMKT:NSU) skyrocketed on Tuesday after the company’s board unanimously rejected a Cdn$1.5-billion (about $1.2bn) unsolicited bid from fellow Canadian miners Lundin Mining and Euro Sun Mining. The suitors had disclosed late on Monday...

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