Posts tagged: Glencore
Tuesday, 14 November 2023, 7:20 am
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:..
Tuesday, 13 June 2023, 4:41 pm
There has been plenty of whining in the British press about the lack of takeover deals since the beginning of the year.
But over on the other side of Atlantic the multi-billion dollar deals keep on getting announced.
US-listed Bunge, for example, just announced the takeover of rival grain trader Viterra, in which FTSE 100-listed Glencore has a large stake, as part of $8.2 billion cash and stock deal. Below is the link:..
Thursday, 25 May 2023, 11:19 pm
Trying to attempt one multi-billion dollar deal is hard enough.
But trying to pull two off at the same time might be considered impossible.
Well, apparently not for Glencore, the FTSE 100-listed mining group that has been pursuing an $23 billion hostile takeover of metals and coal mining company Teck Resources...
Monday, 17 April 2023, 8:07 am
The British newspapers and American wire services were jammed packed with corking deal scoops this weekend.
The Mail on Sunday, for example, carried a line about a possible take private of embattled online retail group THG by founder and chief executive Matthew Moulding, the company's chief executive...
Thursday, 6 April 2023, 11:49 am
Bloomberg's top commodity writer, Javier Blas, appears to be suggesting that mining giant Glencore might have put itself "in play".
In case you don't recall, Glencore launched a hostile bid for Canadian rival Teck Resources ahead of the latter's demerger of its coal assets...
Monday, 3 April 2023, 2:13 pm
Today is turning into another Merger Monday. So far this morning it's been announced that:
1. Glencore has made a $23 billion hostile all-stock takeover offer for Canadian mining company Teck Resources Ltd. Below is a link to the Glencore announcement:..
Thursday, 21 November 2019, 11:28 am
Apologies loyal readers. It seems Betaville might have got slightly the wrong end of the stick when noting the Australian Financial Review's piece about the Glencore / Rio Tinto merger talk.
It would appear the AFR's Street Talk column is in fact suggesting Rio Tinto is looking at taking a run at Glencore and combination is more likely to lead to an £80 billion market capitalisation company. Below is the link to the AFR's piece:..
Tuesday, 19 November 2019, 9:58 pm
Tongues are wagging down under about the prospect of Ivan Glasenberg taking another run at Rio Tinto.
The Australian Financial Review has led the well-respected Street Talk column with the merger rumour after Glencore boss Ivan Glasenberg and Steve Kamlin, the company's CFO, recently travelled to Australia. Below is a the link to the recent AFR piece:..
Monday, 24 July 2017, 2:11 pm
If your following Glencore's paintakingly-slow-moving bear hug for grain merchant Bunge then this note (see below) from United First Partners might be of interest.
The broker reckons there is over a 50pc chance of the FTSE 100 giant buying Bunge...
BUNGE ▷▷▷ WE DIG IT – BUILD INITIAL POSITIONS
Trading Strategy: Build Initial Positions
Read more...Exclusive to Betaville Intelligence subscribers
Wednesday, 19 July 2017, 4:34 pm