Brazil's CVRD offering $17 billion in cash bid for Canada's Inco Ltd.: Knowledge Driven Revolution

Brazil's CVRD, the world's largest iron-ore producer, is making a $17-billion cash offer for Canada's Inco (TSX:N) Ltd., trying to edge out two competing bids.

Rio de Janeiro-based Cia. Vale do Rio Doce, also called Vale, said Friday will offer $86 a share for Inco, the world's second-largest nickel producer.

Vancouver-based Teck Cominco Ltd. (TSX:TCK.B) has made a cash-stock bid for Inco worth about $86 a share, while Inco has backed a similar takeover bid by U.S.-based Phelps Dodge (NYSE:PD).

Read the full article here

Article Continued...

"The combination of CVRD and Inco will create one of the three largest diversified mining companies in the world, with leading global market positions in iron ore, pellets, nickel, bauxite, alumina, manganese and ferro-alloys, and an exciting world-class pipeline of projects, supported by a large-scale, long-life and low-cost asset portfolio," CVRD said in a release.

CVRD said its all-cash offer "will allow Inco shareholders to realize upfront in cash Inco's profitable growth potential without incurring the risk of that such potential will not be realized.

Broken Link? If the link to the original article is broken or has been altered you can view the article by clicking the "Expand/Collapse" button below.

Read Today's Knowledge Driven News
HOME V for Vendetta - R for Reality Canadian Bird Flu Pandemic Looming ? Shill of the Week: Stephan Harper Aspartame: The Sweetest Killer Chicken Little Terrorist of the Week: Creating Fake Terrorists Shill of the Week: Paul Martin The Number 1 Reason YOU became a Slave	Brazil's CVRD offering $17 billion in cash bid for Canada's Inco Ltd. CP August 15, 2006 Brazil's CVRD, the world's largest iron-ore producer, is making a $17-billion cash offer for Canada's Inco (TSX:N) Ltd., trying to edge out two competing bids. Rio de Janeiro-based Cia. Vale do Rio Doce, also called Vale, said Friday will offer $86 a share for Inco, the world's second-largest nickel producer. Vancouver-based Teck Cominco Ltd. (TSX:TCK.B) has made a cash-stock bid for Inco worth about $86 a share, while Inco has backed a similar takeover bid by U.S.-based Phelps Dodge (NYSE:PD). Read the full article here Article Continued... "The combination of CVRD and Inco will create one of the three largest diversified mining companies in the world, with leading global market positions in iron ore, pellets, nickel, bauxite, alumina, manganese and ferro-alloys, and an exciting world-class pipeline of projects, supported by a large-scale, long-life and low-cost asset portfolio," CVRD said in a release. CVRD said its all-cash offer "will allow Inco shareholders to realize upfront in cash Inco's profitable growth potential without incurring the risk of that such potential will not be realized. Broken Link? If the link to the original article is broken or has been altered you can view the article by clicking the "Expand/Collapse" button below. About KDR \| \| Home \| \| Weekly Features Archive	Weekly Features Archive
		What Is Wrong With Canada? Recent 9-11 News Suppressed by the Media Aspartame: The Sweetest Killer The Number 1 Reason YOU became a Slave Knowledge Driven Look at Your Favourite Canadian Political Parties
		June July August 2006 30 31 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 01 02 Weekly Features 2006 2005 Read Today's Knowledge Driven News
		Counter
Copyright © 2005-6 KnowledgeDrivenRevolution.com