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    cobalt investing

    Lundin Investors Advised to Reject Inmet Bid

    Investing News Network
    Mar. 28, 2011 07:30PM PST
    Battery Metals

    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.

    tsx:imncobalt investingtsx:lun
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