CAPITAL MARKETS

Cominco shareholders approve Teck takeover

SHAREHOLDERS of Canada's Cominco Inc have approved a C$1.4 billion takeover by majority owner Teck Corp to form the world's largest zinc producer.

Greg Tubby

Minority shareholders voted 83.93% in favour of the deal, which will form a company expected to produce annually 1.68 billion pounds of zinc, 382Mbls of copper, 650,000 ounces of gold and 4.9 million tonnes...

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