Setelah gagal hostile take offer oleh TECK, akhirnya dibeli oleh Phelps Dodge.
Kabarnya setelah dibeli namanya bakal Phelps Dodge Inco. Parlemen Canada dan serikat buruh dukung merger ini.
Berdasarkan peraturan US SEC, karena INCO listing juga di sana. maka Phelps diwajibkan tender offer anak perusahaannya juga.
In my experience, Before tender offer, The market maker try to create the closing price as highest as possible.
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