Business
Teck Cominco not in negotiations with Inco
Teck Cominco not in negotiations with Inco.
About this update from Teck Resources Limited Class A
[{"type":"text","content":"\n\n\n\n\nVANCOUVER, Aug. 8 /CNW/ - Teck Cominco Limited (TSX - TCK.A; TCK.B; NYSE\n- TCK) today announced that it is not in, and has no plans to enter into,\ndiscussions or negotiations with Inco Limited regarding Teck Cominco's offer\nto acquire all of the outstanding shares of Inco.\nTeck Cominco President and Chief Executive Officer, Don Lindsay, said:\n\"We believe that our offer for Inco is clearly superior to the highly\nconditional Phelps Dodge offer. As described in the Inco directors' circular\nfiled on August 7, the Teck Cominco offer includes almost twice as much cash\nas the Phelps Dodge offer and the Phelps Dodge offer is also subject to\nregulatory approval and Phelps Dodge shareholder approval.\"\nThe Teck Cominco offer expires at midnight (Toronto time) on August 16,\n2006.\n\nAbout Teck Cominco\n\nTeck Cominco is a diversified mining company, headquartered in Vancouver,\nCanada. Shares are listed on the Toronto Stock Exchange under the symbols\nTCK.A and TCK.B. and the New York Stock Exchange under the symbol TCK. The\ncompany is a world leader in the production of zinc and metallurgical coal and\nis also a significant producer of copper, gold and specialty metals. Further\ninformation can be found at www.teckcominco.com.\n\nImportant Notice\n\nThis press release may be deemed to be solicitation material in respect\nof Teck Cominco's proposed tender offer for the shares of Inco. On May 23,\n2006, Teck Cominco has filed the following documents with the Securities and\nExchange Commission (\"SEC\") in connection with its offer to purchase all of\nthe outstanding common shares of Inco: (1) a Registration Statement on Form\nF-10 (containing an offer to purchase and a share take-over bid circular) and\n(2) a tender offer statement on Schedule T-O.\n\nInvestors and shareholders are urged to read the Registration Statement,\nthe Schedule T-O and any other relevant documents filed or that will be filed\nwith the SEC when they become available because they will contain important\ninformation about the tender offer. These documents will be available without\ncharge on the SEC's web site at www.sec.gov and may be obtained without charge\nfrom the SEC at telephone number 800-SEC-0330. Free copies of these documents\ncan also be obtained by directing a request to Teck Cominco, 600-200 Burrard\nSt. Vancouver, British Columbi...