By Shane Lasley
Mining News
Glencore makes new Teck buyout bid
North of 60 Mining News - April 11, 2023
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Last updated 4/27/2023 at 8:47am
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Glencore offers to pay $8.1 billion in cash for Teck Resources' steelmaking coal assets that are shipped out of this terminal in North Vancouver, British Columbia.
Offers $8.2 billion for BC coal assets ahead of a merger that provides Teck shareholders 24% stake in MetalCo.
Teck Resources Ltd. continues to rebuff an increasingly aggressive buyout bid by Glencore, which hopes to merge with the Canadian mining company and then create two new companies that would advance the coal and metals assets resulting from the combined portfolio.
This plan to...
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