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HudBay may see shakeup after deal fails

Merger HudBay Minerals will likely see a com­plete shakeup of its boardof directors and management team in favour of a more conservative,low-risk approach after the collapse of a merger deal with LundinMining, analysts said yesterday.

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.

 
 
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