From the air, bringing it all together must have seemed so simple. On Saturday, Steven Whisler, the head of Phelps Dodge Corp. took a helicopter tour over the Sudbury basin. From the cockpit, he could see mining operations belonging to both Inco Ltd. and Falconbridge Ltd. With his company's proposed merger, everything would come together under one owner.
Yet back on terra firma, Phelps's $40-billion takeover bid for a combined Inco and Falconbridge has so far proven anything but simple.
The takeover offer has run into opposition and scrutiny from various fronts, forcing Mr. Whisler to embark on a whirlwind tour of meetings with mining community leaders, government officials and power brokers on Bay and Wall streets.
“One of the challenges right now is trying to be in 25 places at once. I need to be with everybody,” Mr. Whisler said during an hour-long meeting Monday with the editorial board of The Globe and Mail.
http://www.theglobeandmail.com/servlet/story/RTGAM.20060710.wr-phelps11/BNStory/Business/home
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