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Glencore Plc is getting closer to increasing its offer for Teck Resources Ltd., in a move aimed at ending weeks of limbo in the battle over the Canadian miner’s future.
Teck Resources Ltd.’s biggest shareholder, China Investment Corp., currently favors Glencore Plc’s takeover plan that would allow investors to exit their coal exposure in return for cash, ...
Teck shares are jumping, after the Canadian miner revealed it had rebuffed a $23 billion merger approach from bigger rival Glencore. That suggests investors believe the unsolicited, all-share bid ...
Teck Resources said on Tuesday it has received several proposals for its steelmaking coal business, without revealing if one included a revised offer from Swiss trading and mining firm Glencore ...
Teck Resources Ltd withdrew its plan to split in two on Wednesday, a surprise development just ahead of a key shareholder vote, as the miner sought to fend off a $22.5 billion takeover attempt ...
Glencore publicly announced its unsolicited offer on April 3rd. Its boss, Gary Nagle, said that the deal, with an implied premium of 20% over Teck’s share price, would cut costs and unlock ...
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