Equinox urges Lundin shareholders to reject tie-up with Inmet

Equinox Minerasurfac grinder price listls urged on Tuesday shareholders in its takeover target Lundin Mining to reject a rival merger plan with Inmet Mining as its C$4.7 billion ($4.8 billion) offer is superior.

Lundin rejected the offer on Monday as inadequate and too risky, but did not mention nor say the deal was inferior to its planned tie-up with Inmet Mining , which shareholders are due to vote on on April 4. Equinox played down the risk in the debt package it has lined up, saying no short-term payments of the bridge loan are required. Equinox offered a mix of C$8.10 in cash and 1.29 Equinox shares plus C$0.01.