https://www.glencore.com/media-and-insights/news/glencore-confirms-that-it-submitted-alternative-proposal-to-acquire-tecks-steelmaking-coal-business

"In response to press reports, Glencore plc (“Glencore”) confirms that it submitted a proposal to the Board of Directors of Teck Resources Limited (“Teck”) in which it offered to acquire Teck’s steelmaking coal business (“EVR”) for cash (“Proposed EVR Acquisition”)"

"While Glencore remains willing to pursue its Proposed Merger Demerger, Glencore has made this alternative proposal to acquire EVR as it is expected to allow for a value accretive demerger of the combined coal and carbon steel materials business (“CoalCo”) to its shareholders. We also note continued strong support from shareholders for a transaction between Glencore and Teck"