Shares of diversified natural resources company, Teck Resources (NYSE: TECK) were on an upswing in pre-market trading on Monday after a Reuters report that the company has been approached by Vale SA (VALE), Anglo American (GB: AAL) and Freeport-McMoRan (FCX) among other buyers of Teck’s base metal business if the company decides to split up its base metals and steelmaking coal businesses.
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This news comes even as Teck has rejected an unsolicited takeover offer from Glencore (GB: GLEN).
Analysts remain bullish about TECK stock with a Strong Buy consensus rating based on 14 Buys and three Holds.
