Teck said to be open to offers once coal spinoff is complete
Canada’s largest diversified miner has rejected an unsolicited acquisition proposal from Glencore Plc.
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Glencore not giving up on Teck takeover
CEO Gary Nagle said Glencore's offer creates better value for shareholders all around than the one Teck is currently proposing.
Glencore’s bid for Teck shows it’s willing to abandon coal
The Teck proposal “shows that Glencore do see merit in spinning off coal, which they’ve never said before,” a portfolio manager said.
