Inco Ltd. is one step closer to joining forces with fellow mining giant Falconbridge Ltd.
The company announced Friday that the Canadian Competition Bureau, which reviews corporate acquisitions, has issued a "no action" letter, indicating it does not intend to oppose Inco's pending acquisition of Falconbridge.
Inco has made an offer to acquire all the common shares of Falconbridge, and that offer remains open for acceptance until Feb. 28.
The two companies are attempting to meet all information and other requests from antitrust/competition authorities, the United States Department of Justice and the competition authorities in Europe.
