Battle for Inmet turns hostile – What does Model Price say?
December 17, 2012
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Early this morning First Quantum Minerals (FM) made a hostile $5.1 billion takeover offer – offering $72 a share – for Inmet Mining (IMN), taking the bid directly to shareholders after two earlier offers were snubbed by Inmet management.
See below our model price chart of Inmet Mining (IMN) as of Friday’s computer run.
Inmet Mining with weekly price bars, EBV Lines (colored lines) and model price (dashed line)
For those interested, a daily updated chart of IMN subsequent to this post will be maintained on Facebook, here.
Interesting to see what happens here, but model price for IMN is calculated at $84 a share.