Glencore’s ambition to take over Teck Resources has morphed into a protracted industry saga, and the Swiss commodities giant is now scrambling to win over the Canadian miner’s shareholders with promises of a third bid for the company. Its initial two offerings for Teck – the first totalling £19bn and the second including a £6.
6bn cash sweetener – were knocked back by the miner’s senior leadership, including top shareholder Norman Keevil. Now, Glencore has gone to extreme measures, urging…Teck Shareholders Divided Over Glencore’s Bid Due To Coal Concerns
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