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Glencore offers Teck cash sweetener

Glencore has offered an US$8.2 billion cash sweetener to buy Teck Resources’ shareholders out of their coal exposure as it responded to concerns of Teck’s board about its hostile US$23 billion takeover bid.

Glencore offers Teck cash sweetener Glencore offers Teck cash sweetener Glencore offers Teck cash sweetener Glencore offers Teck cash sweetener Glencore offers Teck cash sweetener

Glencore adds cash to Teck bid

Acknowledging that some Teck investors may prefer a full coal exit and others may not desire thermal coal exposure, the new offer would see Teck shareholders receive 24% of MetalsCo and US$8.