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首页> 外文期刊>Mining Engineering >Why the Inco-Falconbridge merger did not make sense
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Why the Inco-Falconbridge merger did not make sense

机译：为什么Inco-Falconbridge合并没有意义

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To mining people, the proposed Inco-Falconbridge merger was a no-brainer. These two companies control the giant and magnificent Sudbury Basin. This geological feature arguably controls a disproportionate amount of the world's nickel. Seeing two smelters sitting side by side makes no sense. Redundant management, overlapping infrastructure and inefficient production scheduling each offer proof that this area needs to be rationalized under one management team. Heck, even the management of these two Canadian companies predicted between 500 dollars and 900 million dollars a year in savings. Furthermore, Sudbury is the core asset of each company. A child could understand the value of merging them. So why didn't the Falconbridge shareholders vote in favor of the merger? The answer is simple to financial engineers but difficult for the average layman. The reason that the merger makes no sense is because the two companies could not agree on a new name for the combined entities. Inco wanted to call it "Inco." (Inco is actually an abbreviation for "Inc'Oh." One would have thought management would have named their Canadian company "Inc Eh?"). Falcon-bridge's management wanted to preserve their legacy by merging the names in a fair way. Candidate names included "Falconbridgeln-co," "Falconbridge Inc" and "Falconbridge IncEh." Inco retaliated with "Inco." Emotions ran high as a compromise was sought. Overpaid investment bankers weighed in but their suggestions were summarily rejected. After all, who would want to work for a company named "Fal-Inco," "Incobridge" or "Falln-cobridge."
机译：对于采矿业人士来说，拟议的Inco-Falconbridge合并是不费吹灰之力的。这两家公司控制着巨大而宏伟的萨德伯里盆地。可以说，这种地质特征控制了世界上不成比例的镍。看到两个冶炼厂并排坐着是没有意义的。冗余管理，重叠的基础架构和效率低下的生产调度都证明了这一领域需要在一个管理团队的领导下进行合理化。赫克，甚至这两家加拿大公司的管理层都预测每年可节省500至9亿美元。此外，萨德伯里是每个公司的核心资产。一个孩子可以理解合并它们的价值。那么为什么鹰桥股东不投票赞成合并呢？答案对金融工程师来说很简单，但对普通的外行来说却很难。合并毫无意义是因为两家公司无法就合并实体的新名称达成一致。 Inco希望将其称为“ Inco”。 （Inco实际上是“ Inc'Oh”的缩写。人们会以为管理层会把他们的加拿大公司命名为“ Inc Eh？”。） Falcon-bridge的管理层希望通过公平地合并名称来保留其遗产。候选名称包括“ Falconbridgeln-co”，“ Falconbridge Inc”和“ Falconbridge IncEh”。印可公司用“印可公司”进行报复。当寻求妥协时，情绪高涨。高估投资银行家的意见，但他们的建议被立即拒绝。毕竟，谁愿意为一家名为“ Fal-Inco”，“ Incobridge”或“ Falln-cobridge”的公司工作。

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