FNX Mining’s largest shareholder wants company to consider sale
Nov 21, 2007 | 08:19 AM
| Meghann McDonell
York Capital Management LLC wants FNX Mining Co. Inc., Toronto, to put itself up for sale.
New York-based York Capital, FNX's largest shareholder at 19.4 percent, has asked the company's board 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 from York Capital. "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.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here