TITLE

Falconbridge Out of Deal with Inco, Phelps Dodge

PUB. DATE
August 2006
SOURCE
Metal Center News;Aug2006, Vol. 46 Issue 9, p49
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
22123566

 

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