Extreme Takeover
It’s done. Xstrata’s shareholders have approved the $18 billion takeover of Falconbridge! Wow Falconbridge stock inched up on the Toronto Stock Exchange with the news and has already more than doubled since October last year…
The feeding frenzy is far from over out there… Other big ticket Canadian company foreign takeovers are still looming.
Related posts:
INCO??? But.. what about all the university projects in the neutrino detection facility built there?
OK, I don’t have much personally connected with that lab but really Inco might be bought out? WTF?
Not surprising. INCO was buddying up with Falconbridge (and Phelps Dodge in the US) to counter getting swallowed up.
Now INCO has many hostile suitors waiting in the wings.
Tonnes of M&A this year in Canada…