Canadian Mining Journal

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FALCONBRIDGE TAKEOVER – Xstrata at the helm

TORONTO - It is all over but the shouting. Anglo-Swiss mining giant XSTRATA is the new owner of Canada's FALCONBRID...


TORONTO – It is all over but the shouting. Anglo-Swiss mining giant XSTRATA is the new owner of Canada’s FALCONBRIDGE LTD. Xstrata shareholders voted overwhelmingly (99.85%) to approve their company’s acquisition of Falconbridge on Aug. 14.

The following day, Xstrata said it now controls 92.1% of Falconbridge. The $63.25-per-share cash offer has been extended to Aug. 25. Falconbridge shareholders with enquiries about how to tender their shares should contact Kingsdale Shareholder Services as soon as possible at 1-866-639-7993. Banks and brokers should call 416-867-2272.

The fine print of the offer is available at www.Xstrata.com.


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