Falconbridge Gets a Higher Bidder
From Reuters
TORONTO —
Falconbridge Inc., the Canadian nickel mining giant that has agreed to be acquired by U.S.-based Amax Inc., received a higher offer Monday from a group led by Canadian rival Noranda Inc.
Noranda was long known to be interested in Falconbridge. It said it would offer $31.50 a share in U.S. dollars.