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BUSINESS
May 1, 2001
* Teck Corp. and its affiliate Cominco Ltd. said they planned to merge to create one of Canada's largest diversified mining companies and the world's biggest zinc miner. The combined market capitalization of the companies, based on their recent share prices, is more than $2 billion. The merged company, based in Vancouver, will be named Teck Cominco Ltd. Under the agreement, Cominco shareholders will receive 1.8 Class B subordinate voting shares of Teck, plus $3.
ARTICLES BY DATE
BUSINESS
May 1, 2001
* Teck Corp. and its affiliate Cominco Ltd. said they planned to merge to create one of Canada's largest diversified mining companies and the world's biggest zinc miner. The combined market capitalization of the companies, based on their recent share prices, is more than $2 billion. The merged company, based in Vancouver, will be named Teck Cominco Ltd. Under the agreement, Cominco shareholders will receive 1.8 Class B subordinate voting shares of Teck, plus $3.
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