03
Apr
21:42
Teck Resources rejects Glencore's acquisition proposal
Teck Resources' board of directors has rejected an "unsolicited and opportunistic" acquisition proposal from the Switzerland-based mining company Glencore. Kallanish understands that Glencore bid $22.5 billion to acquire Teck Resources and plans to merge and then separate its operations into two companies.
According to the board of directors, Glencore's proposal is inferior to the company's own separation plan, which is expected to …
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Anonymous
Very good overview of the weekly steel market.
Anonymous