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Canadian Conservatives Want Glencore Takeover of Teck Blocked

Bloomberg business news
Teck CEO Calls Glencore Offer a 'Nonstarter'
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Canada’s main opposition party called for the government to block Glencore Plc’s proposed takeover of Teck Resources Ltd. 

Thousands of jobs would be at risk if the Swiss commodities firm were to succeed in its unsolicited $23 billion bid for the Vancouver-based miner, Conservative Leader Pierre Poilievre said in a statement Thursday. He warned it would also mark the loss of Canada’s last remaining major diversified base-metals miner owned and headquartered in the country.