HudBay scraps Lundin purchase (Dealscape

Canadian miner HudBay Minerals Inc. said Monday it scrapped its agreement to buy rival Lundin Mining Corp. because of the certainty that HudBay shareholders would not support the transaction.

The contentious deal looked doomed last month when the Ontario Securities Commission ruled that HudBay must allow shareholders to vote on the deal--valued at C$731.6 million ($585.3 million) at current stock prices--before closing it.

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NOT A SUBSCRIBER? HudBay scraps Lundin purchase Posted on February 24, 2009 4:11 PM Canadian miner HudBay Minerals Inc. said Monday it scrapped its agreement to buy rival Lundin Mining Corp. because of the certainty that HudBay shareholders would not support the transaction. The contentious deal looked doomed last month when the Ontario Securities Commission ruled that HudBay must allow shareholders to vote on the deal--valued at C$731.6 million ($585.3 million) at current stock prices--before closing it. This is a free preview of the content available in The Deal Pipeline. Subscribers enjoy access to the full story, as well as second-to-none research tools. To request a demo, or, if you are an existing user to The Deal Pipeline, log in to your account, please scroll down and click the button. Dig deeper, with Pipeline. 138 in-depth reports of M&A deals in the Metals sector 11 articles related to HudBay Minerals Inc. 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Skadden Arps Amusement parks Deb Shops Windstream Corp. Diedrich Coffee Hanna Andersson Tween Brands Entertainment Lazard Lyondell Chemical		EXISTING USERS Username Password Forget your password? Missing a product?

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