Teck responds to glencore's latest attempt to frustrate value creation for teck shareholders

Glencore's letter changes nothing teck continues to recommend that shareholders vote for pending separation vancouver, british columbia, april 19, 2023 (globe newswire) -- teck resources limited (tsx: teck.a and teck.b, nyse: teck) (“teck”) today issued a letter to shareholders reaffirming the strong rationale for its pending separation and responding to glencore's latest attempt to frustrate value creation for teck shareholders. glencore's opportunistic proposal hasn't changed – same low value, same flawed structure, same material execution risks teck has previously engaged extensively with glencore – for six months on essentially the same proposal – and repeatedly determined it is not in the best interest of teck shareholders the choice for shareholders is clear: vote for teck's separation plan to create the world's pre-eminent, pure-play base metals company with a greater array of value creating opportunities the full text of the letter is as follows: april 19, 2023 dear shareholders, a vote for the separation is a vote to create two world-class, pure play mining companies, providing both unparalleled exposure to a premier base metals platform and an attractive opportunity to remain invested in a high-quality, high-margin steelmaking coal business.
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