% | $
Quotes you view appear here for quick access.

Teck Resources Limited Message Board

  • data_analyst_dude data_analyst_dude Mar 23, 2013 11:12 AM Flag

    Reverse thinking

    Rather than Cliffs getting bought out they might be waiting to see if Teck Resources purchases Rio Tinto's sale of its sizable stake in Iron Ore Company of Canada. Then Cliffs can make an offer to take over Teck Resources, giving Cliffs more synergies in eastern Canadian iron ore holdings and increasing its competitive advantage over North American steelmakers. This will give Cliffs the ability to compete with multinational players on better terms and create value for shareholders that have been beaten up over the last year or so. What's also enticing is IOC's proprietary railway system known as the Quebec North Shore & Labrador Railway that comes with the deal.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
13.17+0.62(+4.94%)Jun 30 4:00 PMEDT