Tag Archives: Euro Sun Mining

Nevsun Rejects a Takeover Offer, Is a Hostile Attempt Next?

Nevsun Takeover bid from Lundin and Euro Sun rejected. What's next?
Nevsun Resources hits back at unsolicited C$1.5b takeover bid from Euro Sun Mining and Lundin Mining saying it contains “serious deficiencies” and is “fundamentally uncertain”. So, what is next?

BY PETER ARENDAS | SEEKING ALPHA

Yesterday, Lundin Mining (OTCPK:LUNMF) and Euro Sun Mining (OTCPK:CPNFF) announced that they submitted a proposal to acquire Nevsun Resources (NSU) for C$1.5 billion ($1.156 billion), however, this offer was rejected by Nevsun’s management. Continue reading Nevsun Rejects a Takeover Offer, Is a Hostile Attempt Next?