Noranda, I call thee Falconbridge.There was nothing between Noranda and Falconbridge at Northern Ontario Business Northern Ontario Business is a Canadian magazine, which publishes monthly in Greater Sudbury, Ontario. The magazine covers business news and issues in Northern Ontario. deadline but a June 30 shareholder vote. The proposed merger would see the creation of one company: Falconbridge Limited. Each outstanding Falconbridge share would be converted to 1.77 common shares in the new company. Outstanding Noranda shares will be converted one-to-one, as will Noranda preferred and junior preference shares, and Falconbridge preferred shares Preferred shares Preferred shares give investors a fixed dividend from the company's earnings and entitle them to be paid before common shareholders. See: Preferred stock. . The combined company would have about $14 billion US in market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. and $12 billion in assets. Noranda CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Derek Pannell would become CEO of the new company, while Falconbridge CEO Aaron Regent would become president. |
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