Lundin Loses 42% Spurning Bids Needing 71% Premium

Bloomberg reports that Lundin Mining Corp. (TSX:LUN) requires an acquirer willing to pay the biggest premium to make shareholders whole again.

The market news is quoted as saying:

The copper producer’s market capitalization has plunged C$2.2 billion ($2.2 billion), or 42 percent, in about four months since rejecting a C$4.8 billion bid from Equinox Minerals Ltd. and abandoning plans to sell itself after deeming offers to be inadequate.

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