Posted AT 12:39 AM EST on 22/11/08
Shareholders fight HudBay plan to acquire Lundin
Depressed commodity prices have prompted a hasty marriage proposal between two of Canada's biggest base metal miners, pushing cash-strapped Lundin Mining Corp. into the arms of HudBay Minerals Inc.
HudBay has offered to pay 0.3919 of one of its own shares for each share of Lundin.
But the proposed deal got negative reviews from HudBay shareholders, and prompted one to make an offer to buy HudBay itself, sell off its assets and distribute the proceeds.
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