Hints and tips:
...Other prominent companies swallowed up in recent years include Falconbridge (another big nickel producer), Alcan (aluminium), Molson and John Labatt (beer) and Hudson’s Bay Company, the country’s biggest...
...Over the past decade, foreigners have swallowed many of the country’s best-known companies, such as miners Inco, Alcan and Falconbridge, the Hudson’s Bay department store chain, and the two brewers, Molson...
...The Switzerland-based mining group said that its Falconbridge Dominicana (Falcondo) operation, which each year produced 29,000 tonnes or 2 per cent of the world’s primary nickel, would be suspended until...
...Last year Falconbridge estimated that Koniambo would cost $3.1bn to bring into production....
...Today, having digested Falconbridge, he announced Xstrata is buying Lionore, the Canada-based nickel producer, for C$4.6bn ($5.35bn)....
...It is for this reason that, while they are a common form of limited deal protection in the US, break fees are limited or prohibited in other jurisdictions....
...This year’s disappeared include Canada’s oldest corporation, the Hudson’s Bay Company; its two biggest nickel miners, Inco and Falconbridge; its steelmaker Dofasco; and ATI, its second biggest technology...
...The British Vita board rejected three indicative offers before allowing very limited access to the group’s books....
...Smaller rival Xstrata signalled it might do other deals despite finally triumphing in the £9bn battle to take over Falconbridge, the Canadian copper and nickel group....
...In recent months, Brazil’s Companhia Vale do Rio Doce agreed to take over Inco, while Falconbridge was acquired by Xstrata....
...The larger synergies in nickel from an Inco/Falconbridge combination, the Falconbridge board’s approval of a deal and Inco’s desire to fend off Teck all suggest the game is not over yet....
...Xstrata and Phelps Dodge have repeatedly raised their bids for Falconbridge, pushing the value of the Canadian miner from $10.6bn to $21.2bn....
...“Xstrata was a very small company with limited prospects. If you expanded that, it would be an exciting thing to do.”...
...Xstrata beat a rival bid from Inco of Canada with a C$18bn all-cash offer for Falconbridge, following a lengthy struggle....
...The impact was limited because hedge funds have significantly reduced their long speculative positions in crude....
...According to reports out of Canada, Teck Cominco is interested in buying Falconbridge assets worth $7bn....
...Overall, Falconbridge looks like an undermanaged company with some prize assets....
...CVRD, the Brazilian miner, said it was not in negotiations with Falconbridge. For a full takeover of Falconbridge, Inco needs to gain a 66.6 per cent stake....
...Lonmin is also understood to have held preliminary talks with both Barrick and Falconbridge during the past 18 months. Lonmin shares closed up 25 per cent, or 531p, at £27.92 on Friday....
...Earlier this year Falconbridge merged with fellow Canadian miner Noranda to form a copper and nickel producer....
...Falconbridge is also the world’s eighth largest copper producer. Xstrata said the deal would boost its earnings “from day one”....
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