The London-listed miner said it has proposed that Teck shareholders would receive 24% of the combined metals group and $8.2 billion in cash. (Reporting by Muhammed Husain in Bengaluru; Editing by Shailesh Kuber)
April 11 (Reuters) - Glencore said on Tuesday it has proposed to introduce a
cash component to its previous all-share bid for Teck Resources , saying certain Teck
investors may prefer a full coal exit and others may not desire thermal coal exposure.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.