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Vancouver’s Teck Resources withdraws coal asset separation plan with Glencore ahead of shareholder vote

April 26, 2023  By Bloomberg

April 26, 2023, VANCOUVER – Teck Resources Ltd. canceled a vote to spin off its coal assets hours ahead of its shareholder meeting, handing the initiative to Glencore Plc in its attempt to buy the company. Teck said in a statement it still intends to pursue the company split, and hasn’t changed its view on Glencore’s offer. It will consider shareholder feedback and present a new proposal. Bloomberg reports. | READ MORE

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