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By Shane Lasley
Mining News 

Teck rejects Glencore merger bid, again

North of 60 Mining News – April 14, 2023

 

Last updated 4/27/2023 at 8:48am

Magnifying glass on the Teck Resources logo displayed on a computer screen.

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Teck believes the separation of its steelmaking coal and base metals assets provides better value for its shareholders than taking up Glencore on its offer for a merger.

After $8.2 billion cash offer for coal assets, Teck calls Glencore's merger bid a non-starter.

Despite an $8.2 billion cash sweetener, Teck Resources Ltd.'s board of directors is holding steadfast to its position that Glencore's aggressive bid to buy out the Canadian miner is a non-starter.

"Glencore has made two opportunistic and unrealistic proposals that would transfer significant v...



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