Fording sets Sept. 30 for meeting to vote on Teck takeover offer

Fording sets Sept. 30 for meeting to vote on Teck takeover offer THE CANADIAN PRESS CALGARY - Fording Canadian Coal Trust (TSX:FDG.UN) said Wednesday it will hold a meeting on Sept. 30 in Calgary to vote on a takeover offer from Teck Cominco Ltd. (TSX:TCK.B). The trust said only securityholders whose names were entered on the registers of Fording at the close of business on Aug. 26 will be are entitled to vote at the meeting. Fording trustees have already unanimously approved the arrangement. Fording holds a 60 per cent stake in the metallurgical coal operations of the Elk Valley Coal Partnership. Teck is the mine operator and owns 40 per cent of the partnership, and already holds 19.9 per cent of Fording's units. Teck has offered US$12.4 billion in cash plus shares worth about C$1.5 billion for Fording. Under the deal... [read full story]