Tuesday, July 3, 2007

Rio Narcea recommends Lundin's sweetened bid

(Reuters) - The bid, initially made on April 20, was extended to July
16 from June 29. Under a support agreement between Lundin and
Rio Narcea, the offer cannot be extended beyond June 19.




Lundin said it has entered lock-up agreements with major
shareholders representing about 30.9 percent of Rio Narcea's
shares. It said shareholders with an additional 12.3 percent
stake have indicated their intent to tender their shares to the
amended offer.


Read more at Reuters.com Mergers News

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