Falconbridge Gets a Higher Bidder
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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.
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