CAPITAL MARKETS

CVRD holds firm over Canico

BRAZILIAN mining giant CVRD said it would not increase its $US675 million takeover bid for Canadian nickel miner, Canico.

Tim Treadgold
CVRD holds firm over Canico

The statement from CVRD chief executive Roger Agnelli followed a formal rejection of the bid by Canico management. “We will maintain our offer. I think it is at the right price,” Agnelli told Reuters....

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