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

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 92%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Teck Resources doubles down on plan to split company after Glencore offer - Terrace StandardTeck says its separation will give shareholders more choice and ways to maximize value
Source: TerraceStandard - 🏆 24. / 68 Read more »