https://www.teck.com/news/news-releases/2023/teck-responds-to-glencore%E2%80%99s-latest-attempt-to-frustrate-value-creation-for-teck-shareholders
Guys! Let's use Teck's words against them in our own buyout value:
"The premium in Glencore’s proposal continues to undervalue Teck, is based on a highly volatile share-based consideration, and does not reflect the value of the base metals portfolio that will be unlocked by the creation of Teck Metals. Underpinned by a favourable long-term copper price trend and copper growth pipeline, Teck Metals will be unique in the industry as a pure-play, high-growth copper vehicle, with significant value upside, which shareholders would realize in addition to ownership of EVR. In comparison, the Glencore proposal seeks to acquire that value pre-emptively for pennies on the dollar. It is a transparent attempt to transfer value from Teck’s shareholders to Glencore’s"