Teck fielding expressions of interest for coal business, as Canadian miner considers new restructuring plan

says it is fielding expressions of interest from parties potentially interested in merger-and-acquisition transactions concerning its metallurgical coal business, as Canada’s biggest diversified mining company weighs the best path forward after a botched restructuring plan earlier in the year.

Teck in the aftermath said it would consider a cleaner split of the company but gave few details on what that might look like. Teck did not say what parties had expressed interest in the coal business, and there was no mention of the two known interested suitors, a consortium led by Canadian mining veteran Pierre Lassonde, and Swiss mining and trading house Glencore PLC.

Glencore later indicated it would try again to engage with Teck’s board, and suggested that if that strategy failed, it might take an offer directly to shareholders. But so far, Glencore has not made such a move.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Teck Resources considering multiple options for coal business - BNN BloombergTeck Resources Ltd. has confirmed Tuesday it is in talks with multiple parties about selling its steelmaking coal business, after cancelling a shareholder vote to separate its metals and coal business this spring.
مصدر: BNNBloomberg - 🏆 83. / 50 اقرأ أكثر »

Five things to watch for in the Canadian business world in the coming weekThe Bank of Canada will release its latest interest rate decision on Wednesday.
مصدر: VancouverSun - 🏆 49. / 61 اقرأ أكثر »