- Bloomberg
Teck Jumps on Buyback, Debt Plan After Coal Sale to Glencore
(Bloomberg) -- Shares of Teck Resources Ltd. jumped the most since April on the company’s plans to cut debt and return cash to shareholders thanks to proceeds from the sale of its steelmaking coal business to Glencore Plc. Most Read from BloombergKamala Harris Is Having a Surprise Resurgence as Biden’s Campaign UnravelsSingapore Couples Are Marrying Earlier to Buy Homes, Leading Some to RegretBiden’s Fourth of July Shrouded by Pressure to Drop 2024 BidSingapore Is Making Life Tougher for Global
- Zacks
Teck Resources (TECK) Closes Sale of Its Steelmaking Coal Unit
Teck Resources (TECK) completes the sale of its steelmaking coal business, which should enable it to focus on growing its copper growth projects.
- Bloomberg
Glencore Coal Deal Approved by Canada as Teck Plans Buyback
(Bloomberg) -- Canada has approved Glencore Plc’s $6.9-billion acquisition of Teck Resources Ltd.’s metallurgical coal business, while the latter announced a $2 billion share buyback and pledged to boost copper output.Most Read from BloombergKamala Harris Is Having a Surprise Resurgence as Biden’s Campaign UnravelsSingapore Couples Are Marrying Earlier to Buy Homes, Leading Some to RegretBiden’s Fourth of July Shrouded by Pressure to Drop 2024 BidSingapore Is Making Life Tougher for Global Talen
