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Rio studying list of takeover targets including Teck Resources, Sky News says
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Rio studying list of takeover targets including Teck Resources, Sky News says
Jul 12, 2024 1:33 AM

July 12 (Reuters) - Mining group Rio Tinto is

studying a refreshed list of takeover targets including Teck

Resources ( TECK ) after the collapse of rival BHP's

bid for Anglo American, Sky News reported on Friday.

Rio had drawn up detailed proposals for a potential bid for

Teck, which included approaching banks for financing a deal, the

report said, citing sources.

Teck is valued at nearly C$35 billion ($25.70 billion),

according to LSEG data.

($1 = 1.3619 Canadian dollars)

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