Teck Resources Ltd. said Monday it rejected an unsolicited buyout offer from Glencore Plc and instead is urging shareholders to approve an already-announced...
Teck Resources Ltd. TECK CA:TECK.A CA:TECK.B said Monday it rejected an unsolicited buyout offer from Glencore Plc and instead is urging shareholders to approve an already-announced separation plan of Teck Metals and Elk Valley Resources at an April 26 meeting. The Vancouver-based mining company said the Glencore deal would expose shareholders to thermal coal and oil trading. The board said it’s not planning to sell Teck at the current time.
... Teck Resources Ltd. TECK TECK.A TECK.B said Monday it rejected an unsolicited buyout offer from Glencore Plc and instead is urging shareholders to approve an already-announced separation plan of Teck Metals and Elk Valley Resources at an April 26 meeting. The Vancouver-based mining company said the Glencore deal would expose shareholders to thermal coal and oil trading. The board said it’s not planning to sell Teck at the current time.
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