TORONTO – INCO LIMITED has extended the period that its offer to acquire all of the common shares of FALCONBRIDGE will remain open, to Feb. 28, 2006. The extension will provide additional time to obtain regulatory clearances from the U.S. Dept. of Justice and the competition authorities in Canada and Europe.
Inco is in discussions with the authorities and says it will consider divestiture of Falconbridge’s Norwegian refinery or other assets if necessary to obtain approval for the merger. Should approvals not be forthcoming by the end of February, Inco says it will extend its offer a further 60 days.
The latest information about the merger is available at www.Inco.com.