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Canico finds new CVRD bid less hostile (November 11, 2005)

Companhia Vale do Rio Doce (RIO-N) has upped its offer for nickel developer Canico Resources (CNI-T) and Canico's board has reversed its position against the offer.CVRD is now offering $20.80 per share for Canico, up from the $17.50 per share...

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