{"id":46888,"date":"2023-04-10T22:18:28","date_gmt":"2023-04-10T22:18:28","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/no-path-to-a-deal-with-glencore-canadas-teck-fights-back"},"modified":"2023-04-10T22:37:50","modified_gmt":"2023-04-10T22:37:50","slug":"no-path-to-a-deal-with-glencore-canadas-teck-fights-back","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/no-path-to-a-deal-with-glencore-canadas-teck-fights-back","title":{"rendered":"&#8216;No path to a deal with Glencore.&#8217; Canada&#8217;s Teck fights back"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; South-Africa. <\/strong><\/span>Teck Resources urged investors to support its plan for splitting its metals and coal businesses while reiterating opposition to a $23 billion (R426 billion) takeover proposal from Glencore.<\/p>\n<p>With a little more than two weeks before the vote, Teck and Glencore each have a tight deadline to win over investors. Teck\u2019s separation requires two-thirds support from both categories of \u201csupervoting\u201d and regular shares, meaning that shareholders with just a small percentage of the total voting rights could have the power to scupper the plan and throw its future into question.<\/p>\n<p>\u201cThe choice is clear: either vote for a separation that creates two companies with a broad spectrum of opportunities to maximize value, or vote to maintain the status quo,\u201d Price said on Monday\u2019s call.<\/p>\n<p>Price reiterated that Glencore\u2019s proposal would give shareholders exposure to thermal coal and oil trading. He called the larger company an \u201cunsuitable acquirer\u201d because of the risks involved in its business.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/south-africa\">South-Africa<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; South-Africa. Teck Resources urged investors to support its plan for splitting its metals and coal businesses while reiterating opposition to a $23 billion (R426 billion) takeover proposal from Glencore. With a little more than two weeks before the vote, Teck and Glencore each have a tight deadline to win over investors. Teck\u2019s separation [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":46887,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[274,315,1210,275,4986],"class_list":["post-46888","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-south-africa","tag-glencore","tag-south-africa-2","tag-teck"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>&#039;No path to a deal with Glencore.&#039; Canada&#039;s Teck fights back - South Africa<\/title>\n<meta name=\"description\" content=\"Teck Resources urged investors to support its plan for splitting its metals and coal businesses while reiterating opposi ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/no-path-to-a-deal-with-glencore-canadas-teck-fights-back\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"&#039;No path to a deal with Glencore.&#039; Canada&#039;s Teck fights back\" \/>\n<meta property=\"og:description\" content=\"Teck Resources urged investors to support its plan for splitting its metals and coal businesses while reiterating opposi ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/no-path-to-a-deal-with-glencore-canadas-teck-fights-back\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-10T22:18:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-10T22:37:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2023\/04\/postQueueImg_1681148920.58.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"768\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/no-path-to-a-deal-with-glencore-canadas-teck-fights-back#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/no-path-to-a-deal-with-glencore-canadas-teck-fights-back\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"&#8216;No path to a deal with Glencore.&#8217; Canada&#8217;s Teck fights back\",\"datePublished\":\"2023-04-10T22:18:28+00:00\",\"dateModified\":\"2023-04-10T22:37:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/no-path-to-a-deal-with-glencore-canadas-teck-fights-back\"},\"wordCount\":181,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/no-path-to-a-deal-with-glencore-canadas-teck-fights-back#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2023\/04\/postQueueImg_1681148920.58.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Africa\",\"glencore\",\"South-Africa\",\"teck\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/no-path-to-a-deal-with-glencore-canadas-teck-fights-back#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/no-path-to-a-deal-with-glencore-canadas-teck-fights-back\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/no-path-to-a-deal-with-glencore-canadas-teck-fights-back\",\"name\":\"'No path to a deal with Glencore.' 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