Glencore has told Teck Resources shareholders it is willing to improve its $22.5 billion takeover offer, raising pressure on the Canadian miner to ditch a restructuring plan and sit down at the negotiating table.
shareholders it is willing to improve its $22.5 billion takeover offer, raising pressure on the Canadian miner to ditch a restructuring plan and sit down at the negotiating table.
The bid is the latest in a mounting wave of mining industry buyout offers fuelled by growing demand for copper and other metals critical to the green energy transition. "With engagement, we could improve our proposal's terms and value, which would be in the best interests of all Teck shareholders."
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Glencore raises pressure on Teck Resources with promise of higher bidGlencore has told Teck Resources shareholders it is willing to improve its $22.5 billion takeover offer, raising the pressure on the Canadian miner to ditch a restructuring plan and sit down at the negotiating table.
Read more »
Glencore courts 120 Teck investors for bid backing as spinoff vote looms -sourceGlencore executives have met or spoken with some 120 Teck Resources shareholders during a short visit to Toronto to try to win support for the company's takeover bid rather than an internal overhaul, a source familiar with the situation said.
Read more »
Investors pile climate pressure on Glencore ahead of May AGMGlobal miner Glencore faces increased pressure to clarify how it will manage its climate change commitments after investors holding more than $500 billion in assets backed a shareholder resolution to be voted on next month.
Read more »
Do you need help? Free Domestic Violence ResourcesAre you in a dangerous relationship and need help? Do you know someone who needs help? In part of our effort to help people in the community, our team put together a list of groups in our area that can help victims of domestic violence.
Read more »
Shop Business Resources – Harvard Business Review StoreThe HBR Store Spring Savings sale is here! Now is the best time to buy books, tools, and boxed sets for yourself, your team, or a friend. Our trusted resources will help you meet workplace challenges and get the job done.
Read more »
Frisco ISD meeting to give parents fentanyl facts, resourcesFrisco ISD meeting to give parents fentanyl facts, resources
Read more »