Glencore willing to make direct offer to Teck Resources B shareholders, Nagle says

Glencore chief executive Gary Nagle has written to class B shareholders of Teck Resources saying that, if the proposed separation Teck does not proceed, Glencore is willing to make an offer directly to Teck shareholders in the absence of engagement from the Teck board.

According to Nagle, proxy advisors have recommended that Teck meet with Glencore to explore changes to its proposal, but, he claimed, the Teck board had “consistently refused any engagement.”

He...

Published

Claire Patel-Campbell

April 19, 2023

11:35 GMT

London