Teck received the approaches as it attempts to fight off a hostile US$23.1-billion takeover from Glencore
Teck received the approaches from the three giant international mining companies, as it attempts to fight off a hostile US$23.1-billion takeover from Glencore PLC of Switzerland, which wants to buy Teck in its standalone format.
One of the sources said that Teck had received expressions of interest from at least half a dozen major mining companies, who are interested in various transactions post-split.Teck spokesperson Dale Steeves wrote in an e-mail to The Globe that the company does not comment on market rumours or speculation.Vale and Freeport-McMoRan did not immediately respond to a request for comment.to a large foreign mining company, if the board was in favour, saying he would not be “swimming against the tide.
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