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GLNCY / Glencore faces battle to convince Teck shareholders to accept $26B offer

The future of Glencore PLC (LSE:GLEN) $23 billion bid for Canada's Teck Resources Ltd (TSX:TECK.B) hangs in the balance of its shareholders and the mining company's largest stakeholder. After Teck publicly rejected Glencore's proposal earlier this week, it is up to the commodities trader to convince shareholders to reject the company's current strategy to split into two at an upcoming shareholder meeting. Read More

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Posted: Apr 5 2023, 13:38

Author Name: Proactive Investors

GLNCY News

By Seeking Alpha
June 1, 2023

Glencore: M&A Risk Offers A Possibility To Enter

Glencore's second acquisition offer of $22.5 billion for Teck Resources has been unanimously rejected by the Canadian mining company's board. Bluebell

By Reuters
May 26, 2023

Glencore's shareholder opposition to climate report grows

Just over 30% of Glencore's investors rejected the company's climate progress report at its annual meeting on Friday, demanding more clarity on how th

By Reuters
May 19, 2023

Rare shipment of U.S. oil heads to South Africa for Glencore refinery

A shipment of U.S. oil is headed to South Africa for the first time in two years and destined for a Glencore-owned refinery in Cape Town that has rest

By Green Stock News
May 9, 2023

Li-Cycle ($LICY) and Glencore Partner to Build Europe's Largest Lithium Battery Recycling Hub

Li-Cycle (NYSE: LICY), an industry leader in lithium-ion battery resource recovery, and Glencore International AG have announced their collaboration t

By Kitco
May 9, 2023

Li-Cycle and Glencore partner on critical metal recycling faclity in Italy

(Kitco News) - Li-Cycle (NYSE: LICY) and Glencore (LON: GLEN) announced today that the two signed a letter of intent to jointly study the feasibility

By Proactive Investors
May 5, 2023

Leeuwin Metals and Glencore set to advance key Manitoba project

Leeuwin Metals Ltd (ASX:LM1), a battery metals exploration company with projects in North America and Western Australia, has formed a technical commit

By Proactive Investors
April 28, 2023

Mining weekly highlights: Glencore, Atlantic Lithium, Greatland and more

By Kitco
April 21, 2023

Glencore's production of copper, zinc, nickel, silver and coal declined in Q1 2023

(Kitco News) - Glencore announced yesterday that in Q1 2023, its own sourced copper production was 244,100 tonnes, 5% lower than Q1 2022, largely due

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