Posted On:
September 18, 2006
Justice Department Dismisses Antitrust Lawsuit Against INCO Ltd. and Falconbridge Ltd.
On September 18, the DOJ announced that it filed a notice with the U.S. District Court for the District of Columbia to dismiss its antitrust complaint regarding the potential acquisition of Falconbridge Limited by Inco Limited because Inco has formally abandoned its effort to acquire Falconbridge. The DOJ said that the lawsuit and proposed consent decree are no longer necessary as Falconbridge was instead acquired by Xstrata plc, a Swiss mining company, in August 2006. The DOJ also said that Xstrata's acquisition of Falconbridge does not pose any competitive problems.
Andre P. Barlow
202-589-1838
abarlow@dbmlawgroup.com
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