Earlier in the day, Glencore announced it is modifying its hostile takeover offer for Teck Resources Ltd. to include an US$8.2-billion cash component to its…
Glencore has proposed introducing a cash component to its $22.5bn bid for Teck Resources in an effort to sway shareholders, while Teck has rejected the bid as “largely unchanged”.
By Clara Denina and Muhammed Husain LONDON (Reuters) - Glencore Plc on Tuesday modified its $22.5 billion all-share takeover bid for Teck Resources Ltd's to include up to $8.2 billion in cash, but Teck's board