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Tuesday, July 18, 2006

Legal Information - Phelps Dodge, Inco and Falconbridge Agree to US$56 Billion Three-Way Combination, Creating One of World's Largest


Phelps Dodge, Inco and Falconbridge Agree to US$56 Billion Three-Way Combination, Creating One of World's Largest
Phelps Dodge Corporation (NYSE: PD), Inco Limited (TSX: N)(NYSE: N), Falconbridge Limited (TSX: FAL)(NYSE: FAL) -

Inco Enhances Offer for Falconbridge
PHOENIX and TORONTO, July 16 /PRNewswire-FirstCall/ -- Phelps Dodge Corp. , Inco Ltd. ( Nachrichten ) (TSX, NYSE: N) and Falconbridge Ltd. ( Nachrichten ) (TSX, NYSE: FAL) announced today that all three companies have taken action to improve the terms of their three-way combination.

Inco expects highest quarterly earnings in 104-year history
Inco Limited today announced that it currently expects its net earnings for the second quarter of 2006 will be the highest quarterly net earnings in the company's history, adding that it expects continued strong performance for the second half of the year.

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