Teck Resources close to deal to sell coal assets to Glencore, WSJ reports

Teck Resources (TECK) is in advanced discussions to sell its coal assets to Glencore (GLNCY), the Wall Street Journal’s Julie Steinberg and Ben Dummett report. A transaction would value the coal business at nearly $10B and could be announced as soon as this weeks assuming talks don’t collapse, the authors say, citing people familiar with the matter.