Falconbridge Out of Deal with Inco, Phelps Dodge

August 2006
Metal Center News;Aug2006, Vol. 46 Issue 9, p49
Trade Publication
The article reports on the merger of mining companies Phelps Dodge Corp., Inco Ltd., and Falconbridge Ltd., losing one of its partners in July 2006. According to sources, after Falconbridge Ltd. provided less than 50.01 percent of the common shares to Inco. Xstrata plc. will pursue Falconbridge, and Falconbridge will pay $ 150 million and an additional payment of $ 300 million, if its bid will be successful.


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