Leucadia National Corporation Indicates Current Intention to Tender Common Shares of Inmet Mining Corporation to Bid by First Quantum Minerals Ltd.
Leucadia National Corporation (NYSE: LUK) announced today that it has
filed a report with Canadian securities regulators disclosing that,
based on current publicly available information, and in the absence of
changed circumstances or new information (including an alternative
transaction that would provide greater value), Leucadia would intend to
tender the common shares of Inmet Mining Corporation that it owns to the
take-over bid that has been made by First Quantum Minerals Ltd. for all
of the common shares of Inmet. Leucadia may be considered to
beneficially own 11,042,413 (approximately (15.92%)) of the outstanding
common shares of Inmet for purposes of applicable Canadian securities
laws.
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This press release may contain “forward-looking statements” within
the meaning of the “safe harbor” provisions of the Private Securities
Litigation Reform Act of 1995. Although Leucadia believes any
such statement is based on reasonable assumptions, there is no assurance
that actual outcomes will not be materially different. These
forward-looking statements are subject to risks and uncertainties that
may cause actual results to differ materially. For a discussion
of factors that may cause results to differ, see Leucadia’s reports
filed with the Securities and Exchange Commission, including its
Quarterly Report on Form 10-Q for the quarter ended September 30, 2012
and its Annual Report on Form 10-K, as amended, for the year ended
December 31, 2011. These forward-looking statements speak only as
of the date hereof. Leucadia disclaims any intent or obligation
to update these forward-looking statements.
Leucadia National Corporation, with its principal business address at
315 Park Avenue South, New York, New York 10010, is a holding company
engaged in a variety of businesses. MK Resources LLC, with its principal
business address at 315 Park Avenue South, New York, New York 10010, is
an indirect wholly-owned subsidiary of Leucadia National Corporation. MK
Resources LLC is the record holder of 10,663,576 of the Inmet common
shares (representing approximately 15.37% of the issued and outstanding
Inmet common shares) beneficially owned by Leucadia.
A copy of the early warning report to be filed by Leucadia under
applicable Canadian securities laws in connection with the information
in this press release may be obtained from Laura E. Ulbrandt, Corporate
Secretary at 212-460-1900.
