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What will be the impact on Glencore's stock price within one month post-approval of Teck's coal business acquisition?
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Ottawa to Approve Glencore's $6.9B Acquisition of Teck's Coal Business with Regulatory Conditions
Jul 4, 2024, 11:35 PM
Canada's federal government in Ottawa is set to approve Glencore Plc's $6.9-billion acquisition of Teck Resources Ltd.'s metallurgical coal business. The regulatory approval is expected to come with several stringent conditions, according to sources. This move will see Glencore taking over a significant unit from Teck Resources, marking a major development in the mining sector.
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