Teck Resources Ord Shs Class A T.TECK.A

Slippery slope - Legally

[4CommonSense]

Given that the BoD has a fiduciary responsibility to act in the best interests of the COMPANY (and all the S/Hs). Is it in the best interests of the COMPANY (vs. the wishes of a single S/H or some 3rd party) to keep the company "Canadian" at any cost? 

The Glencore bid has set a minimum value for company. Whatever scheme is developed to split the company has to create and something of equal value for the company (and s/hs).
 
This "Canadian' arguement is really a lot of smoke and mirrors i.e., BS. Most of Teck's metal assets are outside Canada (ignoring TRAIL which is probably more of a liability than asset in the future). Many S'/Hs are not Canadians. The CEO is English and is also located outside. Glencore also already has significant mining assets in Canada. 

Therefore, it appears the issue is ownership and control of the COAL mines and if they have to be  owned by Candians. Do we really want the coal mines to be owned by Canadians in any case and/or do the S/Hs really care? (it might be better that they aren't).

What course of action is in the 'best interest' of the COMPANY? If Glencore is correct, maybe the combined companies are in the best interst of both Teck and Glencore...Glencore appears to have a creditable opinion about this.

[4CommonSense]

based on its past lattempts with this type of strategic move it will be a miracle if Teck doesn't screw this up -- There is a significant risk from a Teck B  perspective this will happen IMHO don't worry about the A's - they always come first and on top  Tick! Tick!! Tick!!!

[spitfire191]

Been busy the last few weeks and see my A shares have tanked an are the price of B shares....what happened?

[jrj90620]

I don't know what happened to the A stock.I went to Yahoo,where they show the daily close.It appears something happened over the weekend after May 19.Volume went way up and price adjusted to same as B stock. https://finance.yahoo.com/quote/TECK-A.TO/history?p=TECK-A.TO