Bullboard - Stock Discussion Forum Teck Resources Ord Shs Class A TECK

Primary Symbol: T.TECK.A Alternate Symbol(s): T.TECK.B | TCKRF

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Teck Resources Limited is a Canadian resource company. The Company operates a portfolio of copper and zinc operations across North and South America. The Company’s operations and projects include Antamina, Cardinal River, Galore Creek Project, Carmen de Andacollo, Highland Valley Copper, Trail Operations, Quebrada Blanca, Carmen de Andacollo, HVC Mine Life Extension Project, Galore Creek... see more

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TSX:TECK.A - Post Discussion

Teck Resources Ord Shs Class A > TECK REJECTS

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Post by JasleenDhaka on Apr 04, 2023 2:33pm

TECK REJECTS

Teck Resources has rejected a US$23B bid from Glencore.

Glencore’s offer reflects an EV/R of 2.1x, and an EV/EBITDA of 4.6x, which we note are in line with sector averages.

Fundamental Research's analysts think that Teck might have entertained the offer if Glencore had offered a premium.

Teck has stated that the offer is opportunistic, and added that the deal exposes its investors to geopolitical risks (due to Glencore’s presence in the DRC), and fossil fuels, such as coal and oil.

Read more on the teck news + mining news of the week + top performers in the mining sector (ALL FOR FREE) : https://www.researchfrc.com/aiw-april-03-2023/

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