M&A

White knight Lassonde to lead offer for Teck's coal

Coming through on his white knight promise to resist Glencore’s unsolicited US$22.5 billion bid for Teck Resources, mining entrepreneur Pierre Lassonde plans to make an offer to invest in Teck Resources coal business.

Pierre Lassonde, a white knight for Teck's coal

Pierre Lassonde, a white knight for Teck's coal

Speaking to the Financial Times, Lassonde, chair emeritus of Franco-Nevada, confirmed he had assembled a consortium to bid for Teck's coal business. "Yes, we do have a [confidentiality agreement] with...

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