Merger HudBay Minerals will likely see a complete shakeup of its board of directors and management team in favour of a more conservative, low-risk approach after the collapse of a merger deal with Lundin Mining, analysts said yesterday.
If the deal had been approved, it would have created one of Canada’s largest publicly traded base-metals companies.
But the friendly merger arranged by the two companies was scrapped Monday night after the proposal provoked fury among some significant HudBay shareholders.
Toronto-based HudBay’s main operations are in northern Manitoba and Saskatchewan.
