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Canada's Carney threatened to block Teck Resources merger if HQ not in Canada
News & Analysis For Stocks, Crypto & Forex | Investinglive· 2025-09-16 03:53
The Globe and Mail reports that Canadian Prime Minister Mark Carney told Anglo American that he would not approve its takeover of Teck Resources unless the company's combined headquarters were moved to Canada.The company evidently agreed to the condition as Anglo American announced it would relocate to its head office to Vancouver if the all-stock bid was successful. However the company would remain domiciled in the UK.Key for Teck shareholders on this report is that it will make it tough, if not impossible ...