takeover of lundin mining, page-18

Article from Reuters

http://www.reuters.com/article/2011/02/28/us-lundin-equinox-idUKTRE71R04Y20110228?pageNumber=2

"Given that the proposed merger between Lundin and Inmet was billed as a 'merger of equals' with no premium equated to either company and no anticipated future cost savings from the merger, another bidder which could demonstrate better synergies and cost rationalizations was bound to appear," said Darryl Levitt, a mergers and acquisitions lawyer with Macleod Dixon in Toronto.

"I do not think that the bidding process will stop here," he said


"Indeed, with the copper sector hot, there has been speculation that Australian- and Canadian-listed Equinox may well become a takeover target for global miner Rio Tinto"

I wouldn't mind Rio shares at a 30-40% discount effectively from takeover, dividend would be fully franked.




hmmm... maybe the management is trying to trigger an attack, thrashing their arms, bleeding a little red ink into financial waters for the required loan. I do like Lundin connection with Freeport.