Posted on 30/08/06
Cash is king in the world of Inco's weary investors
So this is what humiliation looks like: Inco's board, having failed to tease another dollar out of Brazil's Companhia Vale do Rio Doce, says it backs a merger with Phelps Dodge. Except that it's not the merger Inco wanted in the first place, and no one's going to listen to the directors anyway. And they know it.
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