Montag, 17. Dezember 2012

First Quantum legt mit 'Hostile Bid' nach - Übernahmeschlacht um Inmet Mining geht in die nächste Runde

Der größte, pure Kupferproduzent Kanadas gibt noch nicht auf. Das Ziel einen der weltgrößten primären Kupferkonzerne zu formen, stellt(e) sich als schwierige Herausforderung dar. Es ist bereits First Quantum's (T.FM) drittes Übernahmeangebot für Inmet Mining (T.INM). Jetzt scheint der Geduldsfaden beim Bieter aber gerissen zu sein - es handelt sich nun nicht mehr um eine freundliche, sondern um eine feindliche Übernahme. 

Um die Aktionäre von Inmet zu überzeugen, greift First Quantum nun noch tiefer in die Tasche. Die Highlights der neuen Übernahmeofferte:

  • Inmet Shareholders to receive consideration of C$72.00(1) per Inmet share, with the opportunity to elect First Quantum shares, cash, or a combination thereof, subject to an overall consideration mix of approximately 50% in First Quantum shares and 50% in cash; allowing the opportunity to realize immediate value and/or participate in substantial future growth of the combined company 
  • Offer values Inmet at approximately C$5.1 billion(1) and represents a premium of 65% to Inmet''s underlying net cash adjusted equity value(2) as of 23 November 2012 

  • Potential to create the world''s premier, widely-held base metals company, and one of the world''s five largest copper producers with a leading growth profile 
  • First Quantum''s demonstrated project execution, reflecting its in-house engineering, project management and construction expertise, gives it the confidence that it can bring significant benefits to Inmet''s major project, Cobre Panama, for the benefit of all shareholders in the enlarged group 

Commenting on the Offer, Philip Pascall, CEO and Chairman of First Quantum, said:

"We believe strongly in the prospects of a combination for our two companies, which are uniquely complementary. The enlarged group will draw on the best physical and human resources of both First Quantum and Inmet, to create a premier, widely-held base metals company with leading growth in copper production and cash flow generation. We know that this vision is shared by key shareholders of Inmet.

We invite the Board and management of Inmet to work with us in developing our plans for the future and in assisting in an assessment of whether additional benefits can be identified to the advantage of all shareholders.."

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