M&A

Glencore sweetens Teck offer

GLENCORE has offered an US$8.2 billion cash sweetener to buy Teck Resources' shareholders out of their coal exposure as it responded to concerns of Teck's board about its hostile $23 billion takeover bid.

Paul Harris and Kristie Batten
Glencore adds cash to Teck bid

Glencore adds cash to Teck bid

Last week, Glencore proposed the merger of the two companies' metals business (MetalsCo) and the demerger of both companies' coal assets (CoalCo), which was rejected by the Teck board and its major shareholder....

Start a free trial to continue reading this article
Already have an account?  
Subscribe now

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.