Waterton to call special meeting of Hudbay shareholders: Reuters
Canadian mining private equity firm Waterton Global Resource Management said it would call for a special meeting of Hudbay Minerals Inc’s shareholders after the Canadian miner refused its proposal for changes to its board, Reuters reported. Waterton, which said it owns a 7 percent stake in Hudbay, had also asked the miner to avoid any near-term acquisition or joint venture in a filing this week. Hudbay is in talks to buy Chilean miner Mantos Copper SA, according to media reports. “Hudbay’s recent market performance has been atrocious, as the company currently trades at a material discount to its peer group on multiple key valuation metrics,” Waterton said in a statement.
19 October 2018•1 min read
