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Posted on 15/05/06

Inco sweetens bid

Mining giant Inco Ltd. has sweetened its friendly cash and share bid for rival Falconbridge Ltd. to more than $19-billion and thrown a big financial roadblock in the way of any rival bids. The friendly deal would be the largest in Canadian mining history if it succeeds, and the new terms could make it harder for Swiss-based Xstrata Plc to launch a bid for Falconbridge. B1

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