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Lundin launches hostile bid for Nevsun

Lundin Mining (TSX: LUN) officially launched a takeover bid for Nevsun Resources (TSX: NSU) last week, a day after Lundin president and CEO Paul Conibear announced he would retire before year-end.

Staff reporter
Lundin’s outgoing president and CEO Paul Conibear

Lundin’s outgoing president and CEO Paul Conibear

Lundin formalised a previously proposed C$1.4 billion (US$1.06 billion) cash offer, of C$4.75 per Nevsun share, the most recent in a series of tilts at the company.  "Each time we presented a proposal,...

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