CAPITAL MARKETS

Sherritt raises Fording stakes

THE takeover battle for Canadian coal miner Fording stepped up another notch overnight when Sherritt International lifted its bid to C$35 a share.

Tim Treadgold

The increase by Sherritt and its partner, the Ontario Teachers' Pension Fund, beats by C$1 a rival C$34 a share offer from Teck Cominco and Westshore Terminals. The latest bid values Fording at C$1.8...

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