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TECK COMINCO REVISES OFFER FOR INCO.

AsiaPulse News

| August 01, 2006 | COPYRIGHT 2006 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

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VANCOUVER, July 31 /CNW-AsiaNet/ - Teck Cominco Limited (TSX - TCK.A; TCK.B; NYSE - TCK) today announced that it has revised its cash and share offer to acquire all the outstanding shares of Inco Limited (TSX, NYSE - N). Under the revised offer, Inco shareholders will receive, subject to proration, C$82.50 per Inco share in cash, or 1.1293 Teck Cominco Class B subordinate voting shares plus C$0.05 per Inco share. The revised offer represents C$40.00 in cash and 0.5821 of a Teck Cominco Class B subordinate voting share per Inco share at full proration. The expiry time for the revised Teck Cominco offer is ...

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