Wednesday, June 13, 2007

Lundin reviews Rio Narcea bid in "frothy" market

(Reuters) - Lundin is offering C$5 a share and C$1.04 for each warrant
of Rio Narcea, whose shares traded at C$5.21 on the Toronto
Stock Exchange on Wednesday.




"We're in the process of re-considering and we've extended
out our offer until the 29th of June, which will give us
adequate time to reassess our position," Lundin vice-chairman
Colin Benner told a mining conference in Toronto.


Read more at Reuters.com Mergers News

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