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Cassels Brock & Blackwell | Attorney Credit Suisse | Advisor Withdrawn 25th Apr 2011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