Teck rejects US$23B takeover bid from Glencore

Canada’s Teck Resources (TSX: TECK.A, TECK.B; NYSE: TECK), the country’s largest diversified miner, has rejected an unsolicited acquisition proposal from Swiss commodity trader and mining company Glencore (LSE: GLEN). The all-share acquisition bid saw Glencore offering 7.78 shares for each...

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