B.C. Premier David Eby said Glencore would struggle to meet high ESG standards in a hurdle for its bid for Teck Resources. Read on.
hostile takeover bid from Glencore
Nagle’s strategy will depend on how Teck’s shareholders react to a crucial vote on April 26. Teck’s management has asked for a green light to divide the company into two entities, one that would focus on base metals and one that would control the coal assets. Two-thirds of shareholders must agree before chief executive Jonathan Price can proceed, and some see the vote as a de facto referendum on Glencore’s offer.
As far as the B.C. premier is concerned, a takeover could hurt Canada’s goal of becoming a major supplier of minerals that are high in demand and needed for the energy transition away from fossil fuels, such as copper and nickel.
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B.C. premier David Eby says he's concerned about Glencore's bid for Teck ResourcesB.C. Premier David Eby said Glencore would struggle to meet high ESG standards in a hurdle for its bid for Teck Resources. Read on.
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B.C. premier David Eby says he's concerned about Glencore's bid for Teck ResourcesB.C. Premier David Eby said Glencore would struggle to meet high ESG standards in a hurdle for its bid for Teck Resources. Read on.
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B.C. premier David Eby says he's concerned about Glencore's bid for Teck ResourcesB.C. Premier David Eby said Glencore would struggle to meet high ESG standards in a hurdle for its bid for Teck Resources. Read on.
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B.C. premier weighs in on Glencore play for TeckTakeover by Swiss mining giant could put B.C. jobs at risk: David Eby
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Glencore raises pressure on Teck Resources with promise of sweeter bidGlencore has told Teck Resources shareholders it is willing to improve its US$22.5 billion takeover offer. Read more
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Glencore open to improving Teck offer, but shareholders must reject plan to split - BNN BloombergGlencore says it is willing to consider making improvements to its offer to acquire Teck Resources, but the Swiss company says shareholders of the Canadian miner must first reject a plan to separate its base metals and steelmaking coal businesses.
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