FNX says no to biggest shareholder, yes to a takeover

Dec 20, 2007 | 10:12 AM | Meghann McDonell

FNX Mining Co. Inc., Toronto, has declined a request from its largest shareholder, York Capital Management LLC, to put itself up for sale, but it will consider takeover offers, the company said Thursday.

On Nov. 19, York Capital released a letter to the chairman of FNX Mining, Terrance MacGibbon, advising the company's board to evaluate strategic alternatives that would highlight the value of the company to potential buyers.....

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