Phelps marriage with Inco, Falconbridge

IN A new twist to the takeover saga being played out in North America, Phelps Dodge has emerged from the sidelines with a $US40 billion ($A54 billion) takeover plan for Canadian nickel producers Falconbridge and Inco.

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The combination of the three companies will create the world’s largest nickel and copper producer, the world’s second-largest producer of molybdenum and the third-largest producer of cobalt.

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