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Canadian miner Lundin plans to buy Nevsun Resources for C$1.4 bln

Published 2018-07-16, 05:14 p/m
© Reuters.  Canadian miner Lundin plans to buy Nevsun Resources for C$1.4 bln
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July 16 (Reuters) - Canadian miner Lundin Mining Corp LUN.TO said on Monday it plans to make an offer to buy base metals company Nevsun Resources Ltd NSU.TO for C$1.4 billion.

Lundin said its offer of C$4.75 per share, represents a premium of 12.8 percent to Nevsun's closing price of C$4.21 on Monday.

Lundin and Euro Sun Mining Inc ESM.TO had previously disclosed an offer in May to buy Nevsun for C$1.5 billion which was rejected by the company.

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