Hudbay and Waterton amend settlement agreement

TSX- and NYSE-listed Hudbay Minerals and investment firm Waterton Global Resource Management on Tuesday announced that they have agreed to amend certain of the standstill provisions of the settlement agreement that they entered into last year.

The parties have now agreed to increase the number of company shares that may be acquired by Waterton from 15% to up to 19.99% during the standstill period.