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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 ...
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, ...
April 13 (Reuters) - Copper miner Teck Resources (TECKb.TO), opens new tab said on Thursday it had rejected a sweetened bid from Glencore Plc (GLEN.L), opens new tab and made changes to a proposed ...
Teck Resources Likely Influenced by “Sweetened” Proposal Teck Resources’ decision follows commodities trading and mining group Glencore’s April 11 announcement of a sweetened merger offer.
Glencore has a different view, delighted to become the majority owner of Teck’s steelmaking coal business with Japan’s Nippon Steel and Korea’s Posco as minority shareholders.
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 ...
To align with the new business structure, Teck has promoted a leadership group of current senior vice presidents to serve as executive vice presidents as well as various C-level roles. These include: ...