Interesting little article in Mining Weekly today. A couple of notable quotes:

"The proposed transaction drew shareholders' ire, because they believed HudBay was paying too much for Lundin, and particularly because HudBay investors were not to be given a vote on the deal."

and,

"SRM has lambasted HudBay's board and management for its handling of negotiations for a now-defunct merger with Lundin Mining, and the way it responded to shareholders opposition to the deal."

Evidently, the way a BOD deals with its shareholders, either courting their favor by keeping them informed and involving them in a vote on an issue of major importance, or angering them by seeking to prevent any input by way of vote and by failing to "respond to shareholders", can be a strong motivation for shareholder activism.

Perhaps this is something the current BOD should keep in mind. Just a thought.

;>)