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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.13 | 1.15% | 11.44 | 11.28 | 11.47 | 11.44 | 11.2485 | 11.30 | 360,125 | 21:03:12 |
--Glencore PLC is being pressed by an activist investor to spin-off its coal division and reduce production by using a dual-share structure, the Financial Times reports.
--Bluebell Capital Partners, a London-based hedge fund, wrote to the Anglo-Swiss commodity mining and trading company setting out a demerger plan, which involves creating a separate coal company with A and B shares, the Financial Times reports.
--Bluebell had called upon Glencore to separate its thermal coal business in November, arguing it was a barrier to investment, and now says coal makes Glencore less-attractive as a merger or takeover target, the Financial Times reports.
Full story: https://on.ft.com/3BhdLS4
Write to Joe Hoppe at joseph.hoppe@wsj.com
(END) Dow Jones Newswires
February 14, 2022 03:26 ET (08:26 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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