Inmet waives shareholder rights plan
Feb 19, 2013 | 02:52 PM
| Suzy Waite
Tags
Inmet Mining,
First Quantum Minerals,
copper,
hostile takeover,
Cobre Panama,
shareholder rights plan,
Suzy Waite
NEW YORK — Inmet Mining Corp., which is the subject of a hostile takeover bid from First Quantum Minerals Ltd., has waived its shareholder rights plan.
Inmet waived the plan, also known as a "poison pill" due to its use by companies as a way to defend against hostile takeovers, because there was enough time provided to the board to fully review strategic alternatives, the Toronto-based mining company said Feb. 19. ....
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