Teck Resources shares are trading higher following a Bloomberg report suggesting Glencore is working on increasing its offering for Teck.
Portfolio Pulse from Benzinga Newsdesk
Teck Resources shares are trading higher after a Bloomberg report indicated that Glencore is working on increasing its offering for Teck.
May 31, 2023 | 1:04 pm
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Teck Resources shares are trading higher due to Glencore's potential increased offering for the company.
The Bloomberg report suggests that Glencore is working on increasing its offering for Teck Resources, which has led to a rise in Teck's share price. Investors are reacting positively to the news, anticipating a higher valuation for the company.
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