FNX Mining’s top investor urges company to explore sale

Nov 21, 2007 | 06:52 AM | Meghann McDonell

York Capital Management LLC has advised FNX Mining Co. Inc., Toronto, to put itself up for sale.

New York-based York Capital, FNX's largest shareholder at 19.4 percent, advised the company's board in a letter to evaluate strategic alternatives that would highlight the value of the company to potential buyers.

The board of the midsized nickel miner said it is studying the letter. "The board of FNX will consult with management and their legal and financial advisors, and will respond in due course once the letter has received full and proper consideration," the company said Wednesday.....





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