CAPITAL MARKETS

CVRD moves on Inco

IN A move straight out of left field, Brazilian mining giant CVRD has joined the takeover tussle for Canadian nickel producer Inco with an all-cash offer of $C19.9 billion ($A22.9 billion).

Ben Sharples

CVRD moves on Inco

The CVRD offer of $86 cash for every Inco share trumps the cash and scrip offers of zinc producer Teck Cominco and American copper miner Phelps Dodge. CVRD said it had not yet held any discussions with...

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