Breakingviews | Teck/Inco

Considered view

17 Aug 2006 09:01

Brazilian smackdown

About Us

Breakingviews.com is the world's leading source of agenda-setting financial insight. breakingviews has 25 correspondents and columnists based in London, New York, Paris, Washington, San Francisco and Madrid. Our aim is to become the lingua franca for the global financial community. Our real-time subscription service currently reaches around 15,000 financial professionals such as investment bankers, senior corporate executives, hedge fund managers, lawyers and private equity professionals.

We reach a broader audience of nearly 4.5m investors and opinion-formers via columns in the following influential newspapers: The New York Times (USA), The Telegraph (UK), The International Herald Tribune, Le Monde (France), El Pais and Cinco Dias (Spain), Handelsblatt (Germany), La Stampa (Italy), NRC Handelsblad (Netherlands), The National (UAE), The Business Times (Singapore), Mint (India) and L’Agefi (Switzerland).

Investors seemed happy to let the zinc miner chase its nickel-producing Inco as long as Phelps Dodge was the only other bidder. But CVRD’s cash offer threw a spanner in the works. Teck’s shareholders weren’t willing to back a bidding war against a much larger rival. Investors seemed happy to let the zinc miner chase nickel-producer Inco as long as Phelps Dodge was the only other bidder.

Sign up for a free trial to read the rest of this subscriber-only content, or if you are already a member please sign in here.

Forgotten your password? Get a password reminder.