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Nil Premium Merger Of Equals Is Strategically Excellent For Anglo, Says Analysts
Yahoo Finance·2025-09-10 03:40

Anglo American plc (OTC:NGLOY) announced Tuesday that it has agreed to a merger of equals with Teck Resources (NYSE:TECK), creating a combined mining group valued at approximately 55billion.Thenewcompany,AngloTeck,willbeheadquarteredinVancouver,withaprimarylistinginLondonandsecondarylistingsontheTSX,JSE,andNYSE.Thedealcomesatanilpremium,astructureJPMorgancalledstrategicallyexcellentforAnglo,withAngloshareholderssettoreceivea55 billion. The new company, Anglo Teck, will be headquartered in Vancouver, with a primary listing in London and secondary listings on the TSX, JSE, and NYSE. The deal comes at a nil premium, a structure JPMorgan called “strategically excellent” for Anglo, with Anglo shareholders set to receive a 4.5 billion special dividend ...