Teck CEO sees split plan as 'most strategic' option for shareholders
Teck Resources' CEO said on Tuesday he believes the plan to split his company's coal and copper businesses will be safer and more-lucrative for shareholders than Glencore's $22.5-billion takeover attempt.
"A shareholder vote against the split is a vote for status quo and far fewer paths to create value," CEO Jonathan Price told investors on a hastily arranged Tuesday evening conference call.