« June 2006 | Main | August 2006 »

Jul31
Xstrata Plc - Falconbridge Limited; Inco Limited - Phelps Dodge Corporation & Teck Cominco Limited

Love a good bidding war?  Let's catch up on our favorite mining companies to see how the next chapter has turned out.

For those of you with short memories, Inco (N), and Xstrata (XTA.S) both wanted to buy Falconbridge (FAL)Teck Cominco (TCK)  wanted to buy N but the offer was conditional on Inco dropping their FAL bid.  Phelps Dodge (PD)  got into the act by making a white knight offer for N.  FAL wanted N to buy them and agreed to pay lots of money if the deal didn't happen.  N wants PD to buy them.

It looks now like XTA.S will win the battle for FAL.  FAL will pay N the money.  N is then eligible for the TCK offer.  TCK raised its bid for N today by 11%.  The TCK offer deadline for tendering is August 16, 2006.  More bidders may appear and PD may raise its offer although analysts don't think they have too much room to do so. 

How will it all turn out?  I'm all a twitter in anticipation.

Jul28
How Did Starmine Do With Brightpoint?
Jul27
Why Volatility? Embarq Corp As Example
Jul26
Skin In The Game - Janus Capital Group Inc.
Jul25
How Much Will You Spend In Retirement?
Jul24
More On Cash - Dow Jones & Co.s The Wall Street Journal
Jul22
Is Cash King For The Day?
Jul20
Sector-Neutral Funds
Jul19
Social Investing - What Do You REALLY Believe?
Jul18
Risk Tolerance Curve
Jul17
Bond Ladders
Jul14
Market Anomilies & Exchange Traded Funds
Emergency Savings
Jul12
Retirement Spending Calculations
Jul11
Trading Costs & Portfolio Performance
Jul10
Worden Brothers TC2005 - Review
Jul 7
Teach The Children - More On Compound Returns
Jul 6
Market Timing - Does It Work?
Jul 5
Pay For Performance
Jul 3
Retirement Savings - Se Suffis?

« June 2006 | Main | August 2006 »

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