09:52 AM EST - Teck Cominco Ltd. : has struck a deal to take over Global Copper Corp., whose main asset is the Relincho copper-molybdenum deposit in northern Chile, in a cash-and-stock transaction valued at about $425 million. The companies said Monday that Teck will pay $12.00 or 0.26667 of a Teck class B share for each Global share, subject to a limit on the cash portion. At full pro-ration, Global Copper shareholders would receive $3.00 in cash and 0.2 of a Teck share for each share. That would value Global Copper at $12.32 per share at Friday's stock price for Teck. Teck Cominco Ltd.
shares T.TCK.B are trading off 62 cents at $45.99.
