Teck Cominco Limited applied to the Ontario Securities Commission for an order to cease trade any securities issued under Inco Limited's shareholder rights plan.
The parties consented to an order lifting the rights plan against the Teck bid effective August 16, 2006.
The Commission determined it was in the public interest to lift the rights plan not only against the Teck bid, but against all potential bidders, to ensure an unrestricted auction and allow shareholders to evaluate all offers.
