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.
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