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Glencore-Teck Resources Deal: Glencore Ready To Raise Bid, Pressure Teck For Takeover

Benzinga

Glencore Plc is willing to improve its $22.5 billion takeover offer of told Teck Resources Ltd (NYSE: TECK ), said Gary Nagle, Glencore CEO, in a letter to Teck shareholders. Also Read: Glencore's Revised Proposal For Teck Resources: Unlike To Engage Key Shareholders, Analyst Says. In an open letter, Glencore said it.

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Glencore Signals Possible Sweetened Bid For Teck Shares

Law 360 M&A

Glencore PLC indicated on Wednesday that it is willing to sweeten its $23 billion buyout bid for Teck Resources Ltd. after the board of the Canadian mining company unanimously rejected Glencore's offer.

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JPMorgan Lowers Piedmont Lithium Price Target; This IPO Is Oversubscribed; Nexa Reports Results; Compass Refocuses

Benzinga

Due to the higher demand, the company determined that the proceeds raised will be upsized by A$25 million (~$16.44 Due to the higher demand, the company determined that the proceeds raised will be upsized by A$25 million (~$16.44 The funds will also. Full story available on Benzinga.com

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Meta Prepares For Further Job Cuts, Google To Allow Developers To Use Alternative Payment Options, Intel Ditches Production Of Bitcoin Mining Chip: Today's Top Stories

Benzinga

Bloomberg Meta Sharpens Knives On Facebook, WhatsApp, Instagram And Reality Labs Workforce: Begin Next Round Of Layoff Meta Platforms Inc (NASDAQ: META ) notified managers to prepare to announce job cuts on Wednesday under a cost-cutting push likely to pare 10,000 positions at the company. In an open letter, Glencore.

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4 Firms Lead Glencore's $700M Brazilian Metals Buy-Up

Law 360 M&A

Anglo-Swiss commodities giant Glencore PLC said on Thursday it has bought non-controlling stakes in two Brazil-based aluminum companies for approximately $700 million, as the company looks to tap into decarbonization and renewables markets.

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Meta Goes Twitter Way With Layoffs, Twitter Might Want Some People Back After Firing Them, Coal Miners Terminate $6B Combination Discussions: Top Stories Monday, Nov. 07

Benzinga

The Mark Zuckerberg -led company, which has more than 87,000 employees as of September-end, could lay off thousands and has asked its staff to cancel nonessential travel beginning this week. Health insurer Cigna Corp (NYSE: CI ) is expected to invest in the combined company.

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Tesla Explored Minority Stake In Glencore, TuSimple Fires Its CEO Amid Regulatory Scrutiny, Twitter Could Reportedly Lose A Fourth Of Its Employees After Takeover: Top Stories Monday, Oct. 31

Benzinga

Tesla Explored Procuring Stake In This Swiss Mining Company To Secure EV Battery Supply. Tesla Inc (NASDAQ: TSLA ) discussed with Glencore Plc (OTC: GLCNF ) (OTC: GLNCY ) about acquiring a 10-20% stake in the Swiss commodities group. Financial Times. The discussion began in 2021.