By Divya Rajagopal
TORONTO, May 9 (Reuters) - Pierre Lassonde, a Canadian
mining industry veteran, has made an offer to invest in Teck
Resources Ltd's coal business, in a bid to thwart
Glencore Plc's hostile attempt to merge with Teck.
Vancouver-based Teck has rebuffed Swiss mining company
Glencore's $22.5 billon offer to combine the two companies and
is instead pursing its own plans to offer a separate its copper
and coal business.
Last month, Teck pulled its initial business separation plan
at the last minute after failing to secure enough shareholder
support. Lassonde said that a separation of the coal and copper
business can be done in different forms and does not necessarily
have to be a cash purchase.
"We have put forward one model for this, they (Teck) said
they like what they see but we don't know what others have
offered," Lassonde told Reuters.
Teck declined to comment.
(Reporting by Divya Rajagopal in Toronto, Sourasis Bose in
Bengaluru
Editing by Denny Thomas and Sandra Maler)
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