Lundin Investors Advised to Reject Inmet Bid

Mar. 28, 2011 07:30PM PST

The Globe and Mail reported that a shareholder advisory firm has dropped its previous support for a merger between Lundin (TSE:LUN) and Inmet (TSE:IMN).

The Globe and Mail reported that a shareholder advisory firm has dropped its previous support for a merger between Lundin (TSX:LUN) and Inmet (TSX:IMN).

The market news is quoted as saying:

Proxy advisory firm Institutional Shareholder Services Inc. (ISS), which had originally recommended Lundin shareholders accept the deal, now suggests they vote against the “merger of equals” which would create a $9-billion copper powerhouse.

To read the full market news, click here.

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