Business
Teck Cominco responds to CVRD bid for Inco Limited
Teck Cominco responds to CVRD bid for Inco Limited.
About this update from Teck Resources Limited Class A
[{"type":"text","content":"\n\n\n\n\nVANCOUVER, Aug. 11 /CNW/ - Teck Cominco Limited (TSX - TCK.A; TCK.B; NYSE\n- TCK) today responded to the announcement by CVRD that it intends to make an\nall cash offer to acquire all of the outstanding common shares of Inco Limited\n(TSX, NYSE-N).\nTeck Cominco President and Chief Executive Officer, Don Lindsay, said:\n\"We are evaluating CVRD's announcement of its intention to bid for Inco. As we\nhave consistently said, we will not be drawn into an expensive bidding war for\nInco. We will weigh our options carefully, and remain committed to a\ndisciplined approach to any transaction.\"\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.\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 Columbia Canada, V6C 3L9, attention Corporate Secretary,\nby telephone to (604)687-1117, or by email to: info(at)teckcominco.com.\n\nForward-Looking Statements\n\nThis press release contains certain forward-looking statements within the\nmeaning of the United States Private Securities Litigation Reform Act of 1995.\nForward-looking statements can be identified by the use of words such as\n\"plans\", \"expects\" or \"does not expect\", \"is expected\", \"budget\", \"scheduled\",\n\"estimates\", \"forecasts\", \"intends\", \"anticipates\" or \"does not anticipate\",\nor \"believes\", or variation of such words and phrases or state that certain\nactions, even...