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Mar 31, 2023ACQUISITION

Glencore proposes $23B merger with Teck Resources

Glencore announced an offer to merge with Teck Resources in a deal valued at US$23 billion. The offer had been rejected by Teck as of the article date.

Value

$23.0B

Status

Announced

Productscopper

CompaniesTeck Resources target Glencore acquirer

Sectors#Mining Equipment

“At the same time, the Swiss-based commodities giant Glencore announced an offer to merge with the Canadian company Teck in a deal valued at US$23 billion, which, as of this writing, had been rejected by Teck.”fynsa.com

1 source
fynsa.comMergers and Acquisitions: Copper Mining Sees a Resurgence | FynsaApr 6, 2023

Summarized from public sources; check the original articles before acting on it.

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Glencore proposes $23B merger with Teck Resources · Endata