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.
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.