Glencore makes offer for the steelmaking coal business of Teck Resources

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

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.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

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.
Sumber: BNNBloomberg - 🏆 83. / 50 Baca lebih lajut »

Glencore makes offer for the steelmaking coal business of Teck ResourcesSwiss company Glencore it has made an offer to buy the steelmaking coal business of Teck Resources Ltd.
Sumber: CTVNews - 🏆 1. / 99 Baca lebih lajut »

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
Sumber: financialpost - 🏆 7. / 85 Baca lebih lajut »

Glencore indicates willingness to bid for Teck Resources’ coal businessTeck Resources’ substantial coal assets have been valued at US$8.2-billion
Sumber: globeandmail - 🏆 5. / 92 Baca lebih lajut »

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
Sumber: nationalpost - 🏆 10. / 80 Baca lebih lajut »