Business
Inco Responds to Revised Teck Cominco Offer
Inco Responds to Revised Teck Cominco Offer.
About this update from Teck Resources Limited Class A
[{"type":"text","content":"\n\n\n\n\nTORONTO, July 31 /CNW/ - Inco Limited (TSX, NYSE: N) is reviewing\nTeck Cominco's (TSX: TCK.A; TCK.B; NYSE: TCK) announcement today that it\nintends to revise its cash and share offer to acquire all of the outstanding\nshares of Inco.\nThe Inco Board of Directors will evaluate the revised offer and will\nprovide Inco shareholders with a formal recommendation as soon as it has\ncompleted its analysis.\n\nImportant Legal Information\n---------------------------\nINVESTORS AND SECURITYHOLDERS ARE URGED TO READ INCO'S\nSOLICITATION/RECOMMENDATION STATEMENT ON SCHEDULE 14D-9 THAT INCO FILED WITH\nTHE SEC ON MAY 31, 2006, AND ANY AMENDMENTS INCO MAY FILE THERETO, AS IT\nCONTAINS, AND SUCH AMENDMENTS, IF ANY, WILL CONTAIN, IMPORTANT INFORMATION\nREGARDING TECK COMINCO'S PROPOSED COMBINATION WITH INCO.\nThis communication is not a solicitation of a proxy from any security\nholder of Inco or Phelps Dodge in respect of Inco's proposed combination with\nPhelps Dodge. Inco intends to file a Management Information Circular regarding\nthe proposed combination with the securities commissions or equivalent\nregulatory authorities in Canada and to provide the Management Information\nCircular to Inco shareholders and Phelps Dodge has filed a preliminary Proxy\nStatement on Schedule 14A regarding the proposed combination with the SEC. WE\nURGE INVESTORS TO CAREFULLY READ THE MANAGEMENT INFORMATION CIRCULAR, AND ANY\nAMENDMENTS INCO MAY FILE THERETO, WHEN IT BECOMES AVAILABLE BECAUSE IT, AND\nANY SUCH AMENDMENTS, IF ANY, WILL CONTAIN IMPORTANT INFORMATION ABOUT INCO,\nPHELPS DODGE AND THE PROPOSED COMBINATION. WE URGE INVESTORS TO CAREFULLY READ\nTHE PROXY STATEMENT, AND ANY AMENDMENTS PHELPS DODGE MAY FILE THERETO, BECAUSE\nIT AND SUCH AMENDMENTS, IF ANY, WILL CONTAIN IMPORTANT INFORMATION ABOUT INCO,\nPHELPS DODGE AND INCO'S PROPOSED COMBINATION WITH PHELPS DODGE.\nInco, Phelps Dodge and their executive officers and directors may be\ndeemed to be participants in the solicitation of proxies from Inco and Phelps\nDodge security holders in favor of Inco's proposed combination with Phelps\nDodge. Information regarding the security ownership and other interests of\nInco's and Phelps Dodge's executive officers and directors will be included in\nthe Management Information Circular and Proxy Statement, respectively.\nInvestors and security hold...