TORONTO (CP) - Teck Cominco Ltd. (TSX:TCK.B) let its $16.5-billion offer for
Inco Ltd. (TSX:N) expire Thursday after it failed to rally enough
shareholder support in the face of a competing all-cash bid from Brazil's
CVRD.
The results came as no surprise as Teck announced Wednesday morning it was
withdrawing a planned $5.7-billion stock sale that would have allowed it to
raise its bid for Inco.
The last-minute financing plan failed to win enough support from
institutional investors and, as a res
