May 8, 2018 / 1:58 PM / 13 days ago

Miner Nevsun says rejects Lundin, Euro Sun proposal as too low

VANCOUVER, May 8 (Reuters) - Nevsun Resources said on Tuesday that its board of directors had unanimously rejected a non-binding, unsolicited takeover proposal from Lundin Mining Corp and Euro Sun Mining, saying it was too low and had a “problematic structure”.

Nevsun said in a statement that the rejection followed an extensive engagement with fellow Canadian-based miner Lundin over several months with regard to a possible transaction. (Reporting by Nicole Mordant in Vancouver Editing by Chizu Nomiyama)

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