Phelps' bid clears U.S. hurdle

Phelps Dodge's (PD-N) has received early U.S. antitrust clearance for its proposed US$40-billion acquisition of Inco (N-T, N-N).The U.S. Department of Justice and the Federal Trade Commission have granted early termination of the 30-day waiting period under the Hart-Scott-Rodino Antitrust...

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