Minmetals, Jiangxi to acquire Northern Peru for $450 million

Dec 06, 2007 | 04:04 PM | Sean Barry

Northern Peru Copper Corp. has signed an agreement of support for a cash takeover offer by state-owned China Minmetals Nonferrous Metals Co. Ltd. and publicly traded Jiangxi Copper Co. Ltd., the Vancouver, British Columbia-based miner said Thursday.

The offer of Canadian $13.75 ($13.60) a share values Northern Peru at C$455 million ($450 million). Shareholders holding 42 percent of Northern Peru's stock have signed lock-up agreements in support of the deal, which the company's board supports.....

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