Mining giant Glencore has said it is willing to better its proposal in its takeover bid for Teck Resources after the Canadian company quashed plans to split its coal and metal businesses this week. On Wednesday, Teck withdrew its separation proposal hours before shareholders were scheduled to vote on it. Read all our coverage of the deal here. Glencore, which has previously tweaked its proposal for Teck, on Friday said it’s willing to improve the offer.
“Glencore’s proposal provides Teck shareholders with a clean separation for its coal business while also creating significant additional value for Teck’s shareholders in which they would fully and disproportionately share,” Glencore said.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: News24 - 🏆 4. / 80 Read more »
Source: 2oceansvibe - 🏆 43. / 51 Read more »
Source: ewnupdates - 🏆 30. / 53 Read more »
Source: SARugbymag - 🏆 33. / 51 Read more »
Source: eNCA - 🏆 49. / 51 Read more »