By Shane Lasley
Mining News
Teck rejects Glencore merger bid, again
North of 60 Mining News – April 14, 2023
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Last updated 4/27/2023 at 8:48am
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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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