"If Teck decides to back-in for whatever %, or acquire SC or all the outstanding shares of CUU; it is well within the Board's power to do so without requiring shareholders' approval. Yes. It is a major acquisition, but it's an acquisition in the ordinary course of doing business and that would not require shareholders' approval."

I recall that, in conversation someone had with Elmer Stewart, he would take any offer to ALL shareholders. Perhaps that someone could confirm?

Edit: acknowledged that he doesn't need to, correction welcome. And, if it's okay with EE, it's okay with me, provided, as ES has also said, I think, that no shareholders would be left high and dry, in reference to those who bought at or near the top.