>>> First Quantum Minerals a takeover candidate

First Quantum Minerals a takeover candidate

First Quantum Minerals (TSE:FM), a Vancouver, British Columbia-based metals and mining company, could find itself on the receiving end of takeover attention, reported The Ottawa Citizen on 13 June.

Sanford C. Bernstein & Co. analyst Paul Gait said in a report from the newspaper's Financial Post section that majors such as UK- and Australia-listed BHP Billiton and UK- and Australia-listed Rio Tinto could look to acquire First Quantum.

According to the analyst, the two potential buyers could pursue growth via acquisitions rather than by "building projects" from the ground up.

First Quantum's market cap is CAD 10.49bn (USD 8.514bn).

Ottawa Citizen