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.
TECK Ratings Summary
TECK Quant Ranking
You've reached your free article limit.
Want To Read More Articles?
See what it all means for your stocks with premium tools
Stockprices is a weekly video covering what moved markets
this week, featuring a panel of Stockprices editors. It is published by the
close of trading on Fridays. Hosted by Nathaniel E. Baker, contributing editor,
and featuring: Aaron Task, VP Contributor Content and co-host Stockprices's Alpha
Trader podcast; Brad Olesen, VP News; Steve Alpher, Managing Editor News, co-host
Alpha Trader.
Unsubscribe From All
You successfully activated
“Only Essentials”
Confirm Upgrade
Your subscription will be moved to the annual plan. Service will automatically renew unless cancelled. No Refunds. Click upgrade to confirm.
Stockprices uses Plaid to connect you account
Connect effortlessly
Plaid lets you securely connect your financial accounts in seconds
Your data belongs to you
Plaid doesn't sell personal info, and will only use it with your permission