Teck Resources Ltd , which is fighting a $22.5 billion takeover offer from Glencore Plc , should remain headquartered in Canada, Finance Minister Chrystia Freeland said on Monday as major shareholders faced a deadline to vote on a separate plan that could thwart the deal.
, should remain headquartered in Canada, Finance Minister Chrystia Freeland said on Monday as major shareholders faced a deadline to vote on a separate plan that could thwart the deal.takeover battle
"We need companies like Teck here in Canada, companies with a strong commitment to Canada," Freeland wrote in a letter seen by Reuters to the Greater Vancouver Board of Trade, which has concerns about Teck's future in Canada. China Investment Corporation , the largest holder of Teck's common stock, has not disclosed how it voted.
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