Announced
Financials
Sources
Tags
Majority
Public
Single Bidder
steel manufacturer
coal
Canada
Friendly
Domestic
Diversified Materials
energy transition metals
Demerger
Failed
Synopsis
Teck Resources, a diversified natural resources company, called off its demerger into Teck Metals, a premier, growth-oriented producer of energy transition metals, and Elk Valley Resources, a pure-play, high-margin steelmaking coal producer, in an $11.5bn deal. The demerger was replaced with a $9bn acquisition of Elk Valley Resources by Glencore, Nippon Steel and POSCO.
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