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First Quantum (FQVLF.PK) has received a boost in its C$5.1B ($5.19B) hostile bid for fellow...
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Friday, January 11, 4:03 AM ETFirst Quantum (FQVLF.PK) has received a boost in its C$5.1B ($5.19B) hostile bid for fellow Canadian peer Inmet Mining (IEMMF.PK) after Leucadia National, which is Inmet's largest shareholder with a 15% stake, said late yesterday that it will tender its stock to First Quantum "in the absence of changed circumstances or new information." The deal would give the latter access to Cobre Panama, one of the world's largest undeveloped copper deposits.
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