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

To: Goose94 who wrote (149341)	4/13/2023 9:07:51 AM
From: Goose94	Read Replies (1) \| Respond to of 203382

Teck Resources (TECK.B-T) Rejects Glencore PLC Revised Bid Well, that didn’t take long. Teck Resources clearly wasn’t wooed by the cash component of Glencore’s revised US$23.1-billion bid for the company, announcing this morning that the board has unanimously rejected the proposal. Teck says the revised proposal is “materially unchanged” and is still not in the best interest of the company. Glencore had revised its earlier bid to include a cash component of US$8.2 billion to potentially buy out shareholders who wanted nothing to do with a combined coal business between the two firms, which would see Glencore’s thermal coal division merged with Teck’s steelmaking coal unit. BNN.ca