Canadian Mining Journal

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FALCONBRIDGE TAKEOVER Board backs Xstrata bid

TORONTO With no other offers on the table, the board of FALCONBRIDGE has recommended to shareholders that they te...


TORONTO With no other offers on the table, the board of FALCONBRIDGE has recommended to shareholders that they tender their shares to XSTRATA. The Anglo-Swiss mining giant has made an all-cash offer of Cdn$62.50 per Falconbridge share for the 75.5% of the company it does not currently own.

The offer expires on Aug. 14 and is conditional on the approval of Xstrata shareholders.

See either www.Falconbridge.com or www.Xstrata.com.


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