Robertson Stephens was the seller of the other 3 million shares:
Inco Ltd -
Robertson Stephens sold VBN shares
Inco Ltd
N
Shares issued 166,059,082
1998-10-29 close $16.2
Friday Oct 30 1998
by Brent Mudry
Two funds managed by Paul Stephens sold three million Inco VBN shares to
Franco-Nevada Mining, according to a recent filing with the United States
Securities and Exchange Commission. The Oct. 27 filing disclose full details of the
deal, in which Franco-Nevada paid $50.4-million to acquire 6.57 million Inco
Voisey's Bay Nickel shares, a 25.4 per cent stake, on Oct. 16. The other seller,
identified Oct. 21, was stock promoter Robert Friedland, who sold 3.57 million
shares through Evershine L.L.C., a wholly-owned holding company. The SEC
filing notes Franco-Nevada paid $7.61 each for the shares and paid First
Marathon Securities, its agent, a commission of $329,000, based on a nickel per
share. The Robertson Stephens Contrarian Fund sold 2.26 million shares, while
the private Robertson Stephens Orphan Fund sold 735,000 shares.
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