14 août 2006, 0h00
Partager
The best way to win an auction is to put real money on the table. That, at least, looks to be the approach of CVRD. The Brazilian iron ore giant is about to make a $15bn bid for nickel miner Inco, according to the Wall Street Journal. It is expected to offer C$86 per share, all in cash.
If it were just a matter of calculated value, CVRD reported offer wouldn’t have a clear advantage over those of rivals Phelps Dodge and Teck Cominco. At current share prices, their cash-and-shares offers are wor...
Ce contenu est LIBRE d’accès. Pour le lire, il vous suffit de créer un COMPTE GRATUIT