10:17 AM EST - Sherritt International Corp. : has struck a $1.6 billion stock-swap deal to acquire miner and mining services company Dynatec Corp., grabbing a major new metals deposit that will expand the Toronto firm's position in the thriving global nickel market. Under Friday's deal, Dynatec shareholders would receive about 0.19 of a Sherritt common share and 0.0635 of a share in FNX Mining Co., a company partly owned by Dynatec, for each Dynatec common share held. Sherritt International Corp.
shares T.S are trading off $1.24 at $15.91.
