The comments follow Teck’s decision in April not to move forward with a planned split of the business that would have seen the coal division spun off
says it is fielding expressions of interest from parties potentially interested in merger-and-acquisition transactions concerning its metallurgical coal business, as Canada’s biggest diversified mining company weighs the best path forward after a botched restructuring plan earlier in the year.
Teck in the aftermath said it would consider a cleaner split of the company but gave few details on what that might look like. Teck did not say what parties had expressed interest in the coal business, and there was no mention of the two known interested suitors, a consortium led by Canadian mining veteran Pierre Lassonde, and Swiss mining and trading house Glencore PLC.
Glencore later indicated it would try again to engage with Teck’s board, and suggested that if that strategy failed, it might take an offer directly to shareholders. But so far, Glencore has not made such a move.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Flair tops Canadian airlines for complaints per 100 flights: Canadian Transportation AgencySunwing Airlines Inc. came second at 13.8 complaints per 100 flights, and Swoop Inc. was third at 13.2.
Read more »
Teck Resources considering multiple options for coal business - BNN BloombergTeck Resources Ltd. has confirmed Tuesday it is in talks with multiple parties about selling its steelmaking coal business, after cancelling a shareholder vote to separate its metals and coal business this spring.
Read more »
Saskatchewan Roughriders release veteran Canadian RB Kienan LaFrance | TSNVeteran Canadian running back Kienan LaFrance is looking for a new team.
Read more »
China defends buzzing American warship, Canadian frigate in Taiwan Strait | CBC NewsChina's defence minister defended sailing a warship across the path of an American destroyer and Canadian frigate transiting the Taiwan Strait, telling a gathering of some of the world's top defence officials in Singapore on Sunday that such so-called 'freedom of navigation' patrols are a provocation to China.
Read more »
Five things to watch for in the Canadian business world in the coming weekThe Bank of Canada will release its latest interest rate decision on Wednesday.
Read more »
Canadian soldiers, American firefighters now battling blazes in Nova ScotiaProvincial officials said on Saturday the Westwood Hills fire, in Tantallon, was 85 per cent contained and was unlikely to spread further.
Read more »