Noranda, Trelleborg succeed in offer for Falconbridge

Noranda and Trelleborg offered $37 per share to outbid New York-based Amax Inc.

(NYSE), which made a surprise offer of $36.125 per share this past summer to take over the nickel miner.

The Falconbridge operations will be owned and managed on a 50/50 basis by Noranda and Trelleborg, whose offer was made through a jointly owned co mpany, FL Acq uisition.

The new president of Falconbridge will be Alex Balogh, who has been in charge of Noranda’s copper group. Trelleborg’s Lars- Erik Johansson will serve as chief financial officer.

FL Acquisition reports it will invoke the compulsory acquisition provisions of the Ontario Business Corporations Act to acquire the balance of shares not tendered.

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