Teck Resources (TECK) has been notified of an unsolicited “mini-tender” offer by TRC Capital Corporation to purchase up to 2.0 million Class B subordinate voting shares of Teck, representing approximately 0.41 percent of Teck’s outstanding Class B subordinate voting shares as of May 23, 2025. The offer price of $47.80 represents a 4.46% discount to the closing price of Teck’s Class B subordinate voting shares on the Toronto Stock Exchange on May 20, 2025, the day prior to the date of the offer. Teck recommends that shareholders NOT tender their Class B subordinate voting shares in response to TRC’s below-market price mini-tender offer.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TECK:
- Teck Resources to Present at Global Metals Conference
- Teck Resources’ Strong Zinc Performance and Copper Growth Drive Buy Rating
- Teck Resources Reports Strong Earnings Amid Challenges
- Teck Resources call volume above normal and directionally bullish
- Teck Resources price target lowered to C$82 from C$84 at RBC Capital