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Tuesday, March 29, 2011

Equinox says proxy firm Glass Lewis backs Lundin bid

Proxy voting and corporate governance firm Glass Lewis has recommended shareholders in Equinox Minerals vote for Equinox's C$4.7 billion ($4.8 billion) offer for Lundin Mining , the bidder said on Tuesday. Equinox has been urging shareholders in Lundin to reject a rival merger plan with Inmet Mining . Equinox offered a mix of C$8.10 in cash and 1.29 Equinox shares plus C$0.01. ($1 = 0.985 Canadian Dollars) (Reporting by Michael Smith)

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