As the clock ticks down, Teck still unsure of outcome of crucial vote to split the company

remained unknown on Tuesday, suggesting that the outcome was too close to call only one day ahead of a shareholders’ meeting that the Vancouver company hopes to use to formally launch its break-up plan.

Shareholders were asked to approve a plan that would see Teck, Canada’s biggest diversified mining company, split itself in half, creating separate metals and metallurgical coal businesses with their own stock market listings. on Monday that owing to various administrative snafus, there is a significant lag between receiving the votes and calculating the scorecard.

Investors were allowed to change their vote up until the proxy deadline, but the tally was not reflecting in real time any such “flipped” votes. A lag time means that flipped votes may not enter the ledger until several hours later.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

The Week Ahead: Earnings from Teck Resources, Rogers Communications - BNN BloombergA look at what investors will be watching in the upcoming week.
Fonte: BNNBloomberg - 🏆 83. / 50 Consulte Mais informação »

Teck Resources should remain in Canada, help country expand critical minerals industry, Freeland saysThe Finance Minister was responding to concerns from the Greater Vancouver Board of Trade about Teck’s future in Canada in the wake of Glencore’s unsolicited bid
Fonte: globeandmail - 🏆 5. / 92 Consulte Mais informação »