Teck Resources CEO opens the door to acquisition once split is approved

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 92%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

CEO Jonathan Price spoke on a conference call with analysts and investors saying there would be ‘more opportunities for value creation’ after the split

“Post-separation, there will be many more opportunities for value creation,” he said on a conference call with analysts and investors on Monday.in its current form is out of the question, saying the deal carries significant jurisdictional, execution and ESG risk.

Teddy Molson, partner with U.K.-based Egerton Capital, which holds 11.4 million of Teck’s B shares, threw his weight behind Mr. Price in rebuffing the Glencore approach. Some analysts have speculated that Glencore may increase its bid to try to nudge B-shareholders like Mr. Molson to vote against Teck’s proposed split.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 5. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Teck Resources doubles down on plan to split company after Glencore offer - Terrace StandardTeck says its separation will give shareholders more choice and ways to maximize value
La source: TerraceStandard - 🏆 24. / 68 Lire la suite »