TSX:TECK.A - Post Discussion
Post by
4CommonSense on Jun 13, 2023 12:38pm
More focused on fiduciary issues ... yes - not just one S/H
It took an awfully long time for Teck to own up to its fiduciary responsibilities to ALL S/Hs not just the A's
<p style="box-sizing: inherit; outline: 0px; margin: 0px 0px 12px; padding: 0px; font-size: 14px; line-height: 1.6; text-rendering: optimizelegibility; color: rgb(10, 10, 10); font-family: Arial, Helvetica, sans-serif;"> Teck’s Board of Directors and<em><strong> independent Special Committee, </strong></em>in accordance with its<em><strong> fiduciary duties to shareholders</strong></em>, are continuing to consider and evaluate all actionable, value-accretive proposals received relating to Teck’s steelmaking coal business to determine whether they are in the best interests of Teck’s shareholders and all stakeholders. <span style="color:#ff0000;"><strong>(missing - "what's in the best interests of the Company") </strong></span></p> <p style="box-sizing: inherit; outline: 0px; margin: 0px 0px 12px; padding: 0px; font-size: 14px; line-height: 1.6; text-rendering: optimizelegibility; color: rgb(10, 10, 10); font-family: Arial, Helvetica, sans-serif;"> As part of this ongoing review, Teck confirms it is engaging with Glencore around their proposal regarding the steelmaking coal business. The proposal is preliminary in detail, conditional and non-binding.</p>
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