Equinox says proxy firm Glass Lewis backs Lundin bid

SYDNEY (Reuters) – Proxy voting and corporate governance firm Glass Lewis has recommended shareholders in Equinox Minerals (EQN.AX: Quote, Profile, Research) vote for Equinox’s C$4.7 billion ($4.8 billion) offer for Lundin Mining (LUN.TO: Quote, Profile, Research), the bidder said on Tuesday.

Equinox has been urging shareholders in Lundin to reject a rival merger plan with Inmet Mining (IMN.TO: Quote, Profile, Research).

Equinox offered a mix of C$8.10 in cash and 1.29 Equinox shares plus C$0.01.

($1 = 0.985 Canadian Dollars)

(Reporting by Michael Smith)

Equinox says proxy firm Glass Lewis backs Lundin bid