Inmet Likely To Attract Rival Offers After Large Undeveloped Copper Deposit

Bloomberg reported that analysts expect Inmet to attract rival takeover offers with the lure of the world’s second-biggest undeveloped copper deposit after rejecting a  $4.89 billion offer from First Quantum Minerals.

As quoted in the market report:

Inmet will “go into play” if there are any signs of interest from the “supergiant” mining companies, said David Baskin, president of Baskin Financial Services Inc. in Toronto, naming Rio de Janeiro-based Vale SA as a “logical buyer.

To view the whole Bloomberg report, click here.