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Announced

Glencore failed to acquire Teck Resources for $23.2bn.

Financials

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Transaction Value£18,815m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium22%
One Off Charge-

Tags

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Majority

Cross Border

Public

Hostile

natural resources

Canada

Single Bidder

diversified materials manufacturer

Diversified Industrials

Acquisition

Failed

Synopsis

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Glencore, a Swiss multinational commodity trading and mining company, failed to acquire Teck Resources, a diversified natural resources company headquartered in Vancouver, for $23.2bn. On April 3, Copper and Teck Resources rejected an unsolicited $22.5 billion bid from Glencore. The offer was ultimately replaced with a deal for Teck's steelmaking coal unit.

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