M&A

First Quantum succeeds in hostile bid

FIRST Quantum Minerals says it has created a new global copper leader after succeeding in its $C5.1 billion ($A4.8 billion) hostile takeover offer for fellow Canadians Inmet Mining.

Kristie Batten

First Quantum succeeds in hostile bid

As of Thursday night, First Quantum had reached 85.5% acceptances in the offer, despite repeated calls by the Inmet board to reject it. First Quantum chairman and chief executive officer Philip Pascall...

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