12
Jun
20:30
Glencore submits alternative proposal for Teck Resources acquisition
Swiss international mining company Glencore has submitted an alternative proposal to Teck Resources' board of directors to acquire the company's steelmaking coal operations as a cash offering at an undisclosed price.
Kallanish understands that Glencore made this proposal as this action allows for a value accreditation for the demerger of Teck Resources' combined coal and carbon steel materials business for the company's shareholders. Glencore …
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Anonymous
Very good overview of the weekly steel market.
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