E.U. Approval Of Canadian Mining Deal Nears

Law360, New York (June 15, 2006, 12:00 AM EDT) -- The European Commission has set the stage for approval of Canadian mining firm Inco Ltd.'s takeover of rival Falconbridge Ltd., a move that would create the largest nickel-producing mine in the world.

Approval of the $11 billion deal, proposed in October 2005, neared after a draft decision green-lighting the merger was prepared for review by national competition regulators in the European Union’s 25 member states.

The full Commission must make a decision by July 12, based on the member states’ recommendations. However, once a deal reaches...
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