Phelps' bid gets Canadian nod, hedge hurts earnings

The Canadian Competition Bureau has granted an advanced ruling certificate unconditionally clearing Phelps Dodge' (PD-N) friendly bid to buy Inco (N-T, N-N). The nod came on the same day Industry Canada approved Xstrata's (XSRAF-O, XTA-L) hostile bid for Falconbridge (FAL-T,...

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