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| Name | Symbol | Market | Type |
|---|---|---|---|
| Glencore Plc (PK) | USOTC:GLNCY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.035 | 0.29% | 11.905 | 11.90 | 11.91 | 11.91 | 11.83 | 11.83 | 66,119 | 15:52:17 |
From May 2023 to May 2024
By Christian Moess Laursen
Polymet Mining said Monday that it has received a non-binding offer from Glencore to acquire all shares it doesn't already own for a cash consideration of $2.11 a share.
The offer, which amounts to around $73.0 million, represents a premium of more than double the $0.79 share price at the close of business Friday, the Minnesota-based copper miner said.
Glencore already owns a 82% stake in Polymet.
Last month, the Anglo-Swiss commodity miner placed an acquisition bid for Teck Resources' steelmaking coal unit. Polymet holds a 50% interest in Newrange Copper Nickel, a joint venture with Teck Resources.
Write to Christian Moess Laursen at christian.moess@wsj.com
(END) Dow Jones Newswires
July 03, 2023 11:12 ET (15:12 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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