Exclusive-Glencore CEO to meet Teck shareholders in Toronto in bid for deal support
Reuters
Published Apr 10, 2023 06:21PM ET
By Divya Rajagopal
TORONTO (Reuters) - Glencore (OTC:GLNCY) Plc Chief Executive Gary Nagle plans to meet with some of Teck Resources (NYSE:TECK) Ltd's Canadian shareholders in Toronto this Thursday to personally lobby them for support of Glencore's proposed takeover of the copper and zinc miner, according to a source who was invited. Royal Bank of Canada's RBC Capital Markets will host the Toronto lunch meeting, according to Jonathan Case of CI Global Asset Management, a Teck shareholder who was invited. RBC has been one of Glencore's bankers in the past.
Teck's executives on Monday reinforced their rejection of Glencore's unsolicited $22.5 billion takeover offer.
Glencore declined to comment. Teck could not immediately be reached for comment.
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Written By: Reuters
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