Industry News

摘要

Xstrata announced the purchase of a 19.9 percent stake in Falconbridge for 2bnC dollars (1.7bn US dollars) or the equivalent of 28 C dollars per share on 15 August. Xstrata purchased the shares from Brascah* Corporation. The stake is the minimum that Xstrata could buy without being obliged to make a bid to all shareholders. Should Xstrata announce an offer to acquire a majority interest in Falconbridge within the next nine months, and the offer is more than the 28 C dollars per share paid, it will pay Brascan the difference in respect of the share bought.