OSC ruling could stymie HudBay-Lundin deal

摘要

With one ruling from the Ontario Securities Commission (OSC), the futures of both HudBay Minerals (HBM-T, HBMFF-O) and Lundin Mining (LUN-T, LMC-N) have been drastically altered. In January, the OSC overturned a Toronto Stock Exchange decision that allowed HudBay to acquire debt-laden Lundin without the approval of HudBay shareholders. But while shareholders of HudBay are welcoming the decision, Lundin shareholders are left to wonder if their company has the financial stability to carry on.