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Equinox Minerals |
: |
Lundin Mining (Bid No 2) |
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Dealogic Deal # : |
732747 |
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Data as of : |
4/25/2011 |
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Target |
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Acquiror |
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Dates & Values |
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Lundin
Mining (Bid No 2) |
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Equinox
Minerals |
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Target: |
100 |
% stake |
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Buying: |
100 |
% stake |
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Rumored |
- |
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Deal Value $m |
4,818.8 |
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TR |
LUN |
580 |
m shares outstanding |
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Public (Listed) |
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Announced |
28th Feb 2011 |
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Value ex Debt $m |
4,818.8 |
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Canada |
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Australia |
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Mining |
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Mining |
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Expected |
- |
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Consideration |
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Scotia Capital | Advisor |
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Goldman Sachs | Advisor |
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Completed |
- |
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Haywood Securities |
Fairness Opinion |
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TD Securities | Advisor |
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Cassels Brock & Blackwell | Attorney |
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Credit Suisse | Advisor |
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Withdrawn |
25th Apr 2011 |
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Blake Cassels & Graydon | Attorney |
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Carnegie | Advisor |
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Shearman & Sterling |
Attorney |
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Osler Hoskin & Hartcourt | Attorney |
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Termination Fee, Target $m |
tbd |
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Timeline Events |
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Termination Fee, Acquiror $m |
tbd |
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Financials |
30th Sep 2010 |
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Balance Sheet |
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Debt/Equity: |
0.2 |
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Premiums & Multiples |
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Initial Offer |
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$8.10 |
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Current Offer |
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8.30 |
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Income Statement |
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Cash Flows |
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Operations $m |
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304 |
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Profitability |
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Profit Margin |
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29% |
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Return on Equity |
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7% |
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League Table Impact |
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Sector Trend |
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2011 YTD Announced Global M&A by Deal
Value, $bn |
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Monthly Announced Global M&A, $bn: |
Mining |
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1 |
JPMorgan |
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247.6 |
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2 |
Goldman Sachs |
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220.2 |
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3 |
Morgan Stanley |
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204.8 |
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4 |
Credit Suisse |
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171.4 |
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5 |
BOA Merrill Lynch |
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164.2 |
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6 |
Deutsche Bank |
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164.2 |
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7 |
Citi |
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162.0 |
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8 |
Barclays Capital |
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132.9 |
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9 |
Lazard |
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129.8 |
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10 |
UBS |
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116.7 |
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35 |
TD Securities |
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9.6 |
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44 |
Scotia Capital |
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6.3 |
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© 2011 Dealogic.
All rights reserved. |
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