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Glencore revises Teck coal offer

GLENCORE has sweetened its offer for Canadian miner Teck, pledging to stump up US$8.2 billion for Teck’s North American coal assets.

Lou Caruana
Glencore acknowledges that certain Teck investors may prefer a cash payment for the coal business.

Glencore acknowledges that certain Teck investors may prefer a cash payment for the coal business.

It also responded to some of Teck's stated concerns regarding the proposed $23 billion billion merger demerger that would have split the Canadian company's metal and coal assets merged them with Glencore...

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