Glencore is in advanced talks to acquire the coal operations of Teck Resources, the Wall Street Journal reported, citing unnamed sources close to the talks. A deal could be announced by the end of the week. The business could be valued at $10 billion, the report said. Earlier this year, Glencore offered to acquire the whole company but Teck shareholders rebuffed the offer that valued the company at $22.5 billion. Per the proposal, the merged entity would be split into two, one focusing on coal and the other on metals. Instead, the Canadian miner…
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