# 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.

- Type: Acquisition
- Announced: 2023-03-31
- Value: $23.0B
- Status: announced
- Products: copper
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Teck Resources](https://endata.com/companies/12522.md) (target)
- [Glencore](https://endata.com/companies/22952.md) (acquirer)

## Sources

- [fynsa.com](https://www.fynsa.com/en/newsletter/fusiones-y-adquisiciones-vuelve-el-movimiento-a-la-mineria-del-cobre/), 2023-04-06: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.