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

Teck Resources (TECK) Board of Directors Unanimously Rejects Revised Unsolicited Proposal from Glencore

April 13, 2023 8:32 AM EDT

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 advisors, Tecks Board of Directors (the Board) conducted a detailed review and assessment of the revised unsolicited proposal and, on the recommendation of the independent Special Committee of the Board, determined that the revised proposal... More