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Weil Advises First Quantum on C$5.1B Offer for Shares of Inmet

A Weil team led by Dallas Public Company Advisory Group (PCAG) partner P.J. Himelfarb and Washington, DC PCAG associate Adé Heyliger advised First Quantum Minerals Ltd. on the U.S. aspects of its C$5.1 billion offer for all outstanding shares of Inmet Mining Corp. (Fasken Martineau DuMoulin LLP acted as lead Canadian counsel on this transaction.) First Quantum is a mining company with a global portfolio of copper and nickel assets in Africa, Australia, South America, and Europe, and Inmet is a global mining company based in Canada. The combined company would have a portfolio of seven producing mines and four development projects in eight countries around the world.

Pursuant to the terms of the offer, for each Inmet share, Inmet shareholders will have the option to receive either (1) C$72.00 in cash, (2) 3.2967 First Quantum shares, or (3) a mix of C$36.00 in cash plus 1.6484 First Quantum shares, subject to an overall consideration mix of approximately 50% in cash and 50% in First Quantum shares. The offer will be open for acceptance until February 14, 2013.

In addition to P.J. Himelfarb and Adé Heyliger, the Weil team advising First Quantum includes Tax partner Kimberly Blanchard (New York); Tax counsel Max Goodman (New York); PCAG associate Aabha Sharma (New York); Tax associate Sarah Gordon (New York); and Corporate associate Amy Roman (Dallas).

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