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First Quantum sets new deadline for Inmet shareholders to accept $5.1B deal

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VANCOUVER – First Quantum Minerals Ltd. (TSX:FM) is giving shareholders of Inmet Mining Corp. (TSX:IMN) an additional 13 days to decide whether to accept its takeover offer, which is opposed by the Inmet board. First Quantum has also relaxed one of the offer’s conditions, giving the Vancouver-based company more flexibility to go ahead with the deal even if denied access to certain information. Inmet has said it’s seeking alternatives to First Quantum’s $5.1-billion offer.

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