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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