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Teck Cominco to raise $US1 billion

TECK Cominco is reported to be gearing up for a major acquisition following news that it is seeking to raise up to $US1 billion in debt or equity.

Tim Treadgold
Teck Cominco to raise $US1 billion

A so-called “shelf-registration” document filed with government authorities is the first step in the major fund raiser. Teck’s chief executive, Donald Lindsay, was reported by Bloomberg News to have...

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