Betaville

Deals, Deals, Deals ... in a bear market - Part 61

Glencore has just shown going "hostile" in takeover negotiations is one way to get what you want.

The FTSE 100-listed mining group has just announced a deal to buy 77pc of Teck Resources steelmaking coal division for $6.93 billion.

Canada's Tech Resources and Glencore, now led by Gary Nagle, came to the agreement after months of talks that saw the latter make an unsolicited offer in May for the whole of the former. Below is a link to this morning's announcement:..