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Search resuls for: "Clara Denina Mrinalika Roy"


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☆ Teck Resources pushes for restructuring, repeats rejection of unsolicited Glencore bid
  + stars: | 2023-04-10 | by ( Clara Denina Mrinalika Roy | Clara Denina | Mrinalika Roy | ) www.reuters.com   time to read: +3 min
A shareholder vote on Teck's plan is scheduled for April 26. "A vote against the separation is a vote to maintain the status quo at Teck, and there is no path that includes Glencore acquiring Teck," Price said. Teck said its board has rejected the offer as Glencore did not present a coherent plan for its proposed coal company. Analysts had last week seen room for an higher offer from Glencore to sway Teck shareholders in its favour. "This is not just about price," Price said on Monday.
☆ Teck Resources pushes for restructuring, says Glencore bid 'flawed'
  + stars: | 2023-04-10 | by ( Clara Denina Mrinalika Roy | Clara Denina | Mrinalika Roy | ) www.reuters.com   time to read: +2 min
April 10 (Reuters) - Canada's Teck Resources (TECKb.TO) on Monday reinforced its rejection of an unsolicited $22.5 billion bid from Glencore (GLEN.L), calling it "an illusion" and telling shareholders that its proposed restructuring is the only option on the table. "A vote against the separation is a vote to maintain the status quo at Teck, and there is no path that includes Glencore acquiring Teck," Price said. Analysts had last week seen room for an higher offer from Glencore to sway Teck shareholders in its favour. "This is not just about price," Price said on Monday. Price also said that Teck is open to partnering with Glencore and other companies on "the creation of ...joint venture to unlock regional synergies."
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