M&A

Xstrata set to triumph following Inco withdrawal

NICKEL giant Inco has withdrawn from the takeover battle for Canadian nickel miner Falconbridge, clearing the way for Swiss-based Xstrata to finally complete another acquisition.

MiningNews.Net

Inco said the company had failed to secure its minimum tender condition of 50.01% of Falconbridge shares by midnight (Vancouver time) on July 27, which meant the company would terminate its offer. The...

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