Equinox Minerals is planning to make a $4.9 billion cash and stock offer for Canada’s Lundin Mining. The Australian miner seeks to fund the deal with a $3.2 billion bridge facility being led by Goldman Sachs Lending Partners and Credit Suisse Securities. Goldman Sachs is acting as lead financial advisor to Equinox and TD Securities is acting as joint financial advisor. The proposed bid comes after Toronto-based Lundin and Inmet Mining agreed to combine and create a new Canadian copper mining company called Synterra, worth about $9.2 billion, adds Reuters.
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