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Gold/Mining/Energy : Noranda (TSE;NOR) -- Ignore unavailable to you. Want to Upgrade?

To: Mike K who wrote (88)	7/17/1998 7:22:00 PM
From: Link Lady	Read Replies (1) \| Respond to of 197

Speaking of Inmet, read in FP that Zemex was preparing an offer for Inmet. canoe.com Zemex is proposing to take most of Inmet's $535 million in cash, and redistribute it to shareholders at the rate of $4.50 a share. After an Inmet share consolidation and the ouster of James and other directors -- shareholders would have to approve both those moves separately -- investors would also get about 50› worth of shares in consolidated Inmet stock.