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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (146012)	2/21/2023 9:37:28 AM
From: Goose94	Respond to of 203376

Teck Resources (TECK.B-T) new 52 week high, $62.38

To: Goose94 who wrote (146012)	4/3/2023 9:21:59 AM
From: Goose94	Read Replies (1) \| Respond to of 203376

Teck Resources (TECK.B-T) Spurns Glencore PLC Unsolicited Approach Looks like Glencore plc has its eye on Teck Resources, and Teck is having none of it. Teck says its board received, and unanimously rejected, and unsolicited and “opportunistic” acquisition proposal from the global commodities heavyweight, declaring that Teck is not contemplating a sale of the entire company at this time. According to Teck, Glencore’s plan would involve merging the two businesses’ coal units and immediately spinning them out, leaving said coal business heavily weighted to thermal coal used in power generation, a less than ideal scenario in Teck’s view during global decarbonization efforts. The timing of all this is interesting – Teck currently plans to hive off its own coal business, albeit one that’s mostly steelmaking coal, in order to focus on the battery metals side of things (mostly copper), and recently got out of the oil business with its sale of its minority stake in the Fort Hills oil sands project. BNN.ca