Facing a recently sweetened competing bid, and looming July 28 deadline for Falconbridge's (FAL-T, FAL-N) shareholders' rights plan, Inco (N-T, N-N) has increased the cash portion of its offer for its formal rival by 1.00 dollars. Tearing a page out of Xstrata's (XSRAF-O, XTA-L) playbook, Inco boosted its friendly cash-and-share bid a few days after initially extending its existing bid by 11 days to July 24. Inco's revised bid includes 18.50 dollars in cash, with the share exchange ratio unchanged at 0.55676 of an Inco share for each Falconbridge share. The company says it now needs only a simple majority of Falconbridge's fully diluted outstanding shares to be tendered, down from two-thirds. The offer has been extended another three days to July 27,
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