Saturday, March 26, 2011

With Inmet Merger Unlikely, Is a Break-Up Next for Lundin Mining?

Streetwise Blog submits:

By Boyd Erman

With the market deciding that, one way or another, the merger of Inmet Mining (IEMMF.PK) and Lundin Mining (LMC) is unlikely to proceed, the focus is on what's next for Lundin.

Lundin could try to go it alone, but analysts say that an auction of the company is a possibility, as is a sweetened bid from Equinox Minerals (EQMIF.PK), which has lobbed in an unsolicited offer for Lundin. A third possibility that bankers are said to be pitching is a breakup of Lundin to try to extract extra value


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