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Glencore Plc chief executive Gary Nagle plans to meet with some of Teck Resources Ltd’s Canadian shareholders in Toronto this Thursday to personally lobby them to support Glencore’s proposed takeover of the copper and zinc miner, according to a source who was asked. Royal Bank of Canada’s RBC Capital Markets will host the working lunch in Toronto, according to Jonathan Case of CI Global Asset Management, a Teck shareholder who was invited. RBC has been one of Glencore’s bankers in the past.
On Monday, Teck executives reaffirmed their rejection of Glencore’s unsolicited $22.5 billion takeover bid.
Glencore declined to comment. Teck might not immediately be reached for comment.
