Glencore PLC’s around $23 billion bid for Canadian miner Teck Resources Ltd. marks the Swiss-based commodity company’s return to big deal making, potentially creating a copper giant that can capitalize on the rush for energy transition metals.
Teck rejected the offer on Monday, which would be one of the largest mining deals in several years, and the family that holds a third of the Canadian company’s voting shares said it won’t back Glencore’s deal.
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