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    copper investing

    KGHM to Buy Quadra FNX for $2.84 Billion

    Investing News Network
    Dec. 06, 2011 03:50PM PST
    Base Metals Investing

    Business Week reported that KGHM Polska Miedz SA, (WAR:KGHM) plans to buy Quadra FNX Mining Ltd. (TSX:QUX) for about C$2.87 billion ($2.84 billion).

    Business Week reported that KGHM Polska Miedz SA, (WAR:KGHM) plans to buy Quadra FNX Mining Ltd. (TSX:QUX) for about C$2.87 billion ($2.84 billion).

    As quoted in the market news:

    KGHM will pay C$15 a share, a 41 percent premium to Quadra’s 20-day volume-weighted average price, the Vancouver- based company said today in a statement.

    Click here to read the full Business Week report.

    copper investingtsx:quxkghm polska miedz
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