Inmet Unlikely to Enter Bidding War for Lundin | INN

Mar. 02, 2011 08:58AM PST

Reuters reported that Inmet (TSE:IMN) is not likely to fight with Equinox (AXI:EQN) in a bidding war over Lundin (TSE:LUN).

Reuters reported that Inmet (TSX:IMN) is not likely to fight with Equinox (AXI:EQN) in a bidding war over Lundin (TSX:LUN).

The market news is quoted as saying:

Lundin’s 24.75 percent stake in Freeport’s (FCX.N) massive Tenke-Fungurume copper-cobalt mine in the Democratic Republic of Congo and its Neves-Corvo copper-zinc mine in Portugal are assets that appeal to both Inmet and Equinox.

To read the full market news, click here.

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