The future of Teck Resources’ proposed deal now rests with Joseph Guy Scarsbrook, Canadian mining magnate and chairman of the company founded by his father

The article is about Teck Resources, a Canadian mining company founded by Norman Keevil and his father. The company has been protected from takeovers due to its dual-share structure, with the Keevils holding majority control through their class A shares. Recently, Glencore made an unsolicited offer to acquire Teck, which was rejected by the board. Now, the fate of the deal rests in the hands of Norman Keevil, who has indicated his support for the board’s decision to reject Glencore’s proposal.

Here are some key points from the article:

• Norman Keevil founded Teck Resources with his father and has been instrumental in building the company into a leading mining business.
• The dual-share structure, which gives the Keevils majority control through their class A shares, has protected the company from takeovers.
• Glencore made an unsolicited offer to acquire Teck, but the board rejected it.
• Norman Keevil supports the board’s decision to reject Glencore’s proposal and has indicated that he will not consider a deal at this time.

Overall, the article highlights the importance of corporate governance and the role that individuals like Norman Keevil play in shaping the direction of their companies.