Glencore makes new Teck buyout bid
North of 60 Mining News - April 11, 2023
Last updated 4/27/2023 at 8:47am
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...