Glencore has said that its takeover offer for Teck Resources "still stands". The two companies have for weeks been locked in a clash over the future of Canada's largest diversified mining company. Swiss commodities giant Glencore said Thursday that its takeover offer for Teck Resources "still stands" after the Canadian miner opted to rethink its spin-off plans. It remains willing to make an offer directly to Teck shareholders "if there continues to be no engagement from the Teck board", it added. After its second knock-back, Glencore published an open letter to Teck shareholders saying it was willing to sweeten its takeover offer.

Source: News 24 April 28, 2023 10:09 UTC