Q: When the offer from Anglo to acquire Teck first came out I believe you were of the opinion that another offer may come out or that the Anglo offer could be amended. I took that to mean that one should hold onto their Teck shares to see how things shake out even though you prefer CS and LUN to Teck.....did I understand you correctly? With BHPs recent moves, things seem to be getting interesting in this space. If you were holding Teck what would you be doing 1) sitting tight waiting for clarity or 2) selling now and moving on to better opportunities - if so would CS and Lun still be your recommendations?
Keep up the great service!
Scott
Keep up the great service!
Scott
5i Research Answer:
Yes, holding was our previous suggestion. The merger seems on track, as BHP has now walked away...