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

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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.

 

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