Glencore Revises Bid for Teck Resources to Allay Coal Concerns
The commodities company said it would add cash to its roughly $23-billion merger proposal for the Canadian miner, as it seeks to create a copper giant.
Glencore PLC announced that it would be adding a cash component of its approximately $23 billion
merger proposal
Teck Resources Ltd. is trying to convince the Canadian miner’s shareholders to join a deal which would create a giant copper company.