On September 5, Nevsun Resources (NSU) announced that the management has approved the acquisition of the company by Zijin Mining (OTCPK:ZIJMF) for C$1.86 billion ($1.41 billion), or C$6 ($4.55) per share. The Zijin Mining offer is an all-cash offer and it has an unanimous support of Nevsun's board of directors. According to the news release:
Nevsun's Board of Directors unanimously recommends that Nevsun shareholders tender their shares to ACCEPT the Offer.
Nevsun's Board of Directors continues to recommend that Nevsun shareholders REJECT the hostile take-over bid launched by Lundin on July