Currently viewing Global edition

Nevsun board dark on 'Euro Sun' offer

The board of Nevsun Resources has hit back at an unsolicited C$1.5 billion takeover bid from Euro Sun Mining and Lundin Mining, telling shareholders the proposal contains “serious deficiencies” and is “fundamentally uncertain”.

Nevsun board dark on 'Euro Sun' offer Nevsun board dark on 'Euro Sun' offer Nevsun board dark on 'Euro Sun' offer Nevsun board dark on 'Euro Sun' offer Nevsun board dark on 'Euro Sun' offer

Bisha in Eritrea

Euro Sun and Lundin have offered to pay C$5 a share for Nevsun, consisting of C$2 in cash, C$2 in Lundin shares and C$1 in Euro Sun shares.