HudBay to buy Lundin for about C$800 mln

HudBay to buy Lundin for about C$800 mln - "HudBay Minerals (HBM.TO: Quote, Profile, Research, Stock Buzz) has agreed to buy fellow Canadian base metals miner Lundin Mining (LUN.TO: Quote, Profile, Research, Stock Buzz) for around C$800 million ($625 million) in stock, the companies said on Friday.

HudBay, which like Lundin has been hit hard by tight credit markets and sliding commodity prices, will pay 0.3919 of a share for each Lundin common share. At C$2.08 a share, the offer is a steep premium on Lundin's price of C$1.12, before the stocks were halted on Friday on the Toronto Stock Exchange." More
- 11/21/08 | Item |

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