Teck rejects unsolicited $23bn takeover bid from Glencore

Teck Resources (TSX: TECK.A, TECK.B) (NYSE: TECK), Canada's largest diversified miner, has rejected an unsolicited acquisition proposal from Swiss commodity trader and mining company Glencore Plc (LON: GLEN). The all-share acquisition bid contemplated Glencore offering 7.78 shares for each Teck...