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Brazilian smackdown

17 August 2006 By Antony Currie

Investors seemed happy to let the zinc miner chase its nickelproducing 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 nickelproducer Inco as long as Phelps Dodge was the only other bidder.

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