Peter Jones on M&AFRANKLY, HBM IS MORE LIKELY TO BE A TO TARGET THAN ACQUISITOR imo. If Teck comes knocking with a $16/sh offer, I'll take it ...Read below:
HudBay Chief Executive Peter Jones told Reuters.
"We are planning our growth. Basically I would describe it as M&A type of activities," Jones said. "We are identifying opportunities and we are open pretty much to any proposal, either through acquisition or through merger, that would benefit the company and the shareholders of course."
HudBay, like many other base metal companies, has found itself poised to make an acquisition. The world's top zinc producer, Teck Cominco Ltd. (TEKsvb.TO: Quote, Profile, Research), is looking for another investment opportunity, as is copper producer, Aur Resources Inc