5 percent shareholder JaguarFinancial JFC

Shareholders of Lundin voted 99.7 percent in favor of thefriendly all-stock takeover, which at Monday's prices valuedLundin at about C$710 million ($582 million). 28,but an Ontario Securities Commission ruling last week thatHudBay must allow its shareholders to vote on the plan has madeit increasingly likely the deal won't go through. HudBay's shares plunged about 40 percent after the takeoverwas announced in November, while some institutionalstakeholders, including major shareholder SRM Global MasterFund, have voiced their opposition. SRM and Corriente Master Fund have launched a proxy battleto replace HudBay's board, while 1.5 percent shareholder JaguarFinancial (JFC.TO) launched the OSC challenge that led to theruling that HudBay must hold a shareholder meeting. The OSC decision directs HudBay to allow its shareholdersto vote on the 153 million shares it will issue to pay forLundin, an amount that has become a bone of contention as itwould double HudBay's issued shares. MARKET SEES NO TAKEOVER The offer values each Lundin share at 0.3919 of a HudBayshare, or C$1.86 at Monday's prices. Lundin was up 3 Canadiancents at 95 Canadian cents, indicating the long odds the markethas put on the takeover succeeding HudBay was up 38 Canadiancents at C$4.75.

Analysts are also convinced the takeover will be scuttled.Desjardins Securities analyst John Hughes reiterated his C$5.9012-month target for HudBay shares on Monday, saying in a notethe deal "has no real possibility of proceeding under thecurrent structure." UBS Securities raised its target on HudBay by 67 percent toC$7, cut Lundin by 42 percent to 90 Canadian cents and calledthe decision "mauled", although it allowed that renegotiationwas possible at a much lower price. HudBay has already complied with shareholder requests tohold a meeting in March to consider turfing the board, and SRMand Corriente were to appear in court on Monday to try to forceHudBay to move the meeting up before the Lundin deal closes. Opponents of the plan have painted it as a reverse takeoverby cash-strapped Lundin, which wants access to HudBay's strongbalance sheet, and whose shareholders would control about halfthe combined company. HudBay has said the deal would strengthen its operations byadding Lundin's mostly Europe-based mines, and its 24.75percent stake in the massive Tenke-Fungurume copper-cobaltdeposit in the Democratic Republic of Congo. minerFreeport-McMoRan (FCX.N).($1$1.22 Canadian) (Additional reporting by Ka Yan Ng; editing by Rob Wilson) Stocks Regulatory News Mergers & Acquisitions Congo. Court to Notify Pennsylvanians Who Bought New GM Vehicles About a Class ActionSettlementLANCASTER, Pa., Jan.

26 /PRNewswire/ A notification program began today, asordered by the Court of Common Pleas of Lancaster County, to alert those whobought certain new GM vehicles from Pennsylvania GM Dealers about a proposedclass action settlement involving GM's marketing programs.The case is about GM adding 1 of the Manufacturer's Suggested Retail Price("MSRP") to the invoice for certain new vehicles it sold to its dealers, aspart of their "Marketing Initiative" programs.The lawsuit claims that GMrequired dealers to use the 1 amount for advertising, and that this violatedPennsylvania law.The lawsuit also claims that dealers passed this amount onto consumers when they purchased vehicles. GM denies any wrongdoing, andstates that the 1 was a legal, wholesale price increase to its dealers, andthat dealers did not necessarily pass on the 1 amount to each purchaser.The settlement includes a group of people, called a "Class" or "ClassMembers," who bought a new vehicle at retail in Pennsylvania from a franchiseddealer that was made or distributed by GM.The GM dealer must have purchasedthe new vehicle on or before March 31, 1999, but after (a) September 1, 1998for Chevrolet or GMC Truck vehicles; (b) July 1, 1989 for Cadillac orOldsmobile vehicles; (c) July 1, 1990 for Pontiac vehicles; and (d) August 1,1990 for Buick vehicles.The Class does not include anyone who purchasedvehicles under the GM Employee Purchase Plans, GM qualified fleet purchasers,government entities, attorneys of record in this case, lessees, or anyone whopreviously requested exclusion from the Class.The settlement provides rebates certificates worth up to $200 toward thepurchase or lease of a new GM vehicle.Certificates will be valid for threeyears after the settlement receives final court approval.Up to twocertificates can be used toward the purchase of one vehicle.Notices informing Class Members about their legal rights are scheduled toappear in Pennsylvania newspapers and magazines leading up to a hearing onApril 28, 2009, when the Court will decide whether to grant final approval tothe settlement.The Court has appointed Joseph F Roda and Michele S Burkholder, RodaNast,P.C. of Lancaster, Pennsylvania, to represent the Class as "Class Counsel."Those affected by the settlement can send in a claim form to ask for a rebatecertificate, object to the settlement, or ask to appear and speak at thefairness hearing.Claim forms must be postmarked no later than June 15, 2009. The deadline to object to the settlement or request to appear and speak atthe hearing is March 16, 2009.A toll-free number, 1-888-866-1738, has been established in this case (calledSoders v General Motors Corp., No. CI-00-04255), along with a website,, where notices, claim forms, the settlement agreement,and the Court's preliminary approval order may be obtained.Those affectedmay also write to Soders v.