Inmet Mining (IEMMF.PK) says it will waive its poison pill takeover defense against a hostile...

|About: Inmet Mining Corp (IEMMF)|By:, SA News Editor

Inmet Mining (IEMMF.PK) says it will waive its poison pill takeover defense against a hostile offer by First Quantum (FQVLF.PK) and hints it may execute unspecified strategic alternatives to the $5.1B bid. Earlier this month, First Quantum extended its $72/share bid to Feb. 27; Inmet says the new deadline has given it enough time to fully review the offer.