- Company has entered into an agreement to sell all of its assets to Teck Cominco Limited by way of a plan of arrangement, pursuant to which Fording unitholders will receive $93.76 per unit payable in a combination of $82.00 cash and 0.245 of a Teck Cominco Class B subordinate voting share per Fording unit.
- "We are pleased to be able to present Fording unitholders with this opportunity to realize enhanced value from their investment," said Michael Grandin, the Chair of the Independent Committee of the Fording Trustees. It is expected that the Fording unitholder meeting to consider the Transaction will occur in late September 2008 and that the Transaction will be completed in late October 2008.
- The $82.00 per unit cash payment, which includes a final distribution of US$3.00 per unit, and Teck Cominco Shares equate to $14.1B.
- This represents a value of $91.66 per unit or $93.76 per unit based on the closing trading price of the Teck Cominco Shares of $40.41 and an exchange rate of US$0.978/C$1.00 in each case on July 28, 2008.
- The Unit Value represents a premium of 17% to the weighted average trading price of the Fording units on the Toronto Stock Exchange during the twenty trading days ending Monday, July 28, 2008. Fording's units closed at $83.80 on the Toronto Stock Exchange on Monday, July 28, 2008. The weighted average trading price of the Teck Cominco Shares on the TSX for the twenty trading days ending Monday, July 28, 2008 was $41.90.

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