Oct 19 (Reuters) - Private equity firm Waterton Global Resource Management Inc said on Friday it intends to call a special shareholder meeting of Canada's Hudbay Minerals Inc HBM.TO after the miner refused its proposal for board changes.
Waterton, which said it owns about 7 percent stake in Hudbay, had also asked the miner to avoid any near-term acquisition or joint venture in a filing on Oct. 17.
According to media reports https://www.bloomberg.com/news/articles/2018-10-04/hudbay-minerals-is-said-to-be-in-talks-to-buy-chile-s-mantos, Hudbay is in talks to buy Chilean miner Mantos Copper SA.
"Hudbay's recent market performance has been atrocious, as the company currently trades at a material discount to its peer group on multiple key valuation metrics," Waterton said in a statement. company's shares were down 2.6 pct at C$5.67.