As expected, Lundin Mining's (LUNMF.PK) board recommends shareholders reject a C$4.7B ($4.8B) unsolicited takeover bid from Equinox Minerals (EQXMF.PK), saying the bid undervalues the company and carries too much uncertainty. Lundin shareholders are getting ready to vote on a planned C$9B merger of equals with Inmet Mining (IEMMF.PK).
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