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Teck to increase copper output 72 percent by 2010 if Aur Resources take-over goes ahead
Toronto-based copper mine Aur Resources (TSX: AUR) had not even contemplated putting the company up for sale when Vancouver-based Teck Cominco (TSX, NYSE: TCK) made a cash-and-share offer of Cdn$41/sh (US$38.69/sh).
In fact, Aur’s shareholders didn’t even want an all-cash bid although Teck has plenty of money in the till. They preferred a tax-free rollover.
The chance [...]
