CAPITAL MARKETS

Noranda to clean up Falconbridge

SPECULATION exists that Noranda is about to announce a full takeover of nickel major Falconbridge, a miner in which it already holds a majority stake, with both Canadian companies in trading halts ahead of planned announcements tonight.

Michael Quinn
Noranda to clean up Falconbridge

A Reuters report quoting a Canadian analyst claimed $C2.9 billion worth of Noranda shares would be need to acquire the 40-41% of Falconbridge currently on the open market. In addition, Reuters said analysts...

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