(Reuters) - The all-stock offer, announced on Wednesday, would see Lundin exchange 1.73 of its own shares for each Tenke share, the company's said.
Given Lundin's closing price of C$14.88 on the Toronto Stock Exchange on Tuesday, that values Tenke at C$25.74 a share, a 32 percent premium over its last price.
Read more at Reuters.com Mergers News
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