Rio Tinto explores potential takeover of Teck Resources, valued at over $30 billion, amid industry mergers.
Rio Tinto, the world's second-largest miner, is considering potential takeover targets, including Teck Resources, amidst a wave of mergers and acquisitions in the mining sector. Teck Resources, valued at over $30 billion, has been reportedly considering a takeover bid from Rio Tinto as companies look to boost market share amidst changing industry conditions. Any foreign bid for Teck could face opposition from Canadian authorities due to potential regulatory scrutiny.
July 12, 2024
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