CAPITAL MARKETS

Sherritt sweetens Fording offer

SHERRITT International has sweetened the cash portion of its bid for Canadian coal producer Fording, adding another C$115 million to boost the cash available in its C$1.8 billion offer to $965 million.

Greg Tubby

Sherritt sweetens Fording offer

The new bid would mean Fording shareholders would receive $20 a share if they all opted to take cash, up from C$17.63. Sherritt and its partner, the Ontario Teachers' Pension Plan Board, are also offering...

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