Glencore makes offer for the steelmaking coal business of Teck Resources

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 99%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Swiss company Glencore it has made an offer to buy the steelmaking coal business of Teck Resources Ltd.

The company said in a statement Monday it would pay cash for the assets, but did not say how much publicly.Glencore said it remains willing to pursue its offer for all of Teck, but that it has made an alternative offer for the coal operations that it would combine with its own thermal coal assets.

Teck, which rejected Glencore's earlier offer for the entire company, said it's reviewing the latest proposal along with a number of other potential transactions involving its steelmaking coal business. "Teck intends to continue to engage with all parties that have indicated interest to identify a path that realizes value for shareholders while ensuring continued responsible operations in the Elk Valley to support a sustainable future for the benefit of employees, local communities and Indigenous Peoples."

Teck called off a shareholder vote in April on its plan to spin off its steelmaking coal operations into a separate company after it became apparent it did not have the required support for the proposal and instead said it would pursue an alternative, more simplified split.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 1. in BR

Brasil Últimas Notícias, Brasil Manchetes

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

Glencore makes offer for the steelmaking coal business of Teck Resources - BNN BloombergSwiss company Glencore says it has made an offer to buy the steelmaking coal business of Teck Resources.
Fonte: BNNBloomberg - 🏆 83. / 50 Consulte Mais informação »

Teck Resources considers Glencore offer for just the coal business in latest twist to mining sagaGlencore has proposed buying Teck Resources’s coal business as an alternative to its $23 billion takeover bid that was rejected. Read more
Fonte: financialpost - 🏆 7. / 85 Consulte Mais informação »

Glencore indicates willingness to bid for Teck Resources’ coal businessTeck Resources’ substantial coal assets have been valued at US$8.2-billion
Fonte: globeandmail - 🏆 5. / 92 Consulte Mais informação »

Glencore offers to buy Teck's coal business as takeover battle takes a turnSwiss miner Glencore is in talks with Teck Resources to buy the Canadian miner’s coal assets, both companies said. Read more
Fonte: nationalpost - 🏆 10. / 80 Consulte Mais informação »

Glencore offers to buy Teck's coal business as takeover battle takes a turnSwiss miner Glencore is in talks with Teck Resources to buy the Canadian miner’s coal assets, both companies said. Read more
Fonte: nationalpost - 🏆 10. / 80 Consulte Mais informação »