Teck Resources (TECK) Updates Separation Transaction Terms in Response to Shareholder Feedback
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Go back to Teck Resources (TECK) Updates Separation Transaction Terms in Response to Shareholder Feedback
April 13, 2023 8:35 AM EDT
Reduction in royalty minimum term allows for earlier full separationEVR capital expenditure cap enhances alignment between EVR and Teck Metals
VANCOUVER, British Columbia, April 13, 2023 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (Teck) today announced changes to allow for an earlier full separation of Teck Metals Corp. (Teck Metals) and Elk Valley Resources Ltd. (EVR) and to maximize free cash flow available to be returned to shareholders, following approval of the separation by shareholders on April 26, 2023.
As described in Tecks recent management proxy circular dated... More
April 13, 2023 8:30 AM EDT
Glencores revised proposal is materially unchanged and still not in best interest of Teck Board recommends shareholders vote FOR separation and dual class amendment
VANCOUVER, British Columbia, April 13, 2023 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (Teck) today announced that its Board of Directors has reviewed and unanimously rejected a revised unsolicited acquisition proposal from Glencore plc, received on April 11, 2023, which would see that company acquire Teck.
Consistent with its fiduciary duties and in consultation with its financial and legal... More
