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Inmet Mining (IEMMF.PK +18.1%) rejects a takeover proposal from rival Canadian copper miner...

Inmet Mining (IEMMF.PK +18.1%) rejects a takeover proposal from rival Canadian copper miner First Quantum Minerals (FQVLF.PK) that values the company at $70/share, or ~$4.9B, and says it plans to adopt a shareholder rights plan. Inmet calls the cash-and-stock offer "highly conditional."
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