First Quantum (FQVLF.PK) says 61.45% of Inmet Mining’s (IEMMF.PK) shares have been...

|About: First Quantum Minerals Ltd. (FQVLF)|By:, SA News Editor

First Quantum (FQVLF.PK) says 61.45% of Inmet Mining’s (IEMMF.PK) shares have been tendered to its hostile $5.1B bid, just shy of the two-thirds majority of shares First Quantum needs to complete the takeover. The company extends its offer to March 21 to pass the two-thirds threshold, and reduces the minimum tender condition to 50%.