Multi-Party Agreement Creates Superior Value For Fording Shareholders $35.00 per share, cash component of $21.75 per share plus 0.379 of a unit plus special distributions totalling $1.48 per unit Fording, Teck Cominco and Sherritt/Teachers’/CONSOL to...Multi-Party Agreement • January 13th, 2003 • Fording Inc • Bituminous coal & lignite surface mining
CALGARY — January 13, 2003 — The Boards of Directors of Fording Inc. (TSX/NYSE: FDG), Teck Cominco Limited (TSX: TEK.A, TEK.B), Westshore Terminals Income Fund (TSX: WTE.UN) and Sherritt Coal Partnership II, a partnership of Sherritt International Corporation (TSX: S) and Ontario Teachers’ Pension Plan, today announced an agreement to combine the metallurgical coal assets of Fording, Teck Cominco and the Luscar Energy Partnership as part of a series of transactions that will see Fording Inc. converted into the Fording Canadian Coal Trust (the “Fording Trust”) under a plan of arrangement.
