Pierre Lassonde Plans To Acquire Up To 20% Stake In Teck Resources Spinout To Keep It In Canada

Pierre Lassonde, the wealthy gold mogul turned ally of Teck Resources Limited (NYSE: TECK) controlling shareholder Norman Keevil, plans to purchase a blocking position in Teck’s spin-off coal business to ensure it remains in Canadian hands. Lassonde’s plan is philosophically similar to Keevil’s, who rejected this past week’s request by

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