Minmetals makes $6.3B play for Equinox

HONG Kong-listed Minmetals Resources has today announced a $C6.3 billion ($A6.28 billion) all-cash offer for Equinox Minerals, throwing a spanner in the works of the takeover target’s separate bid for Lundin Mining.

Minmetals makes $6.3B play for Equinox Minmetals makes $6.3B play for Equinox Minmetals makes $6.3B play for Equinox Minmetals makes $6.3B play for Equinox Minmetals makes $6.3B play for Equinox

Minmetals, which already holds a 4.2% stake in Equinox, is offering $7 in cash per Equinox share, representing a 23% premium to Equinox’s closing price on the Toronto Stock Exchange of $5.

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