Anglo American and Teck announce a merger of equals

Teck holders would receive 1.3301 Anglo shares per share, with Anglo paying a $4.5bn special dividend before completion. Anglo holders would own about 62.4% of Anglo Teck, which targets about $800m of annual synergies.

Why it matters. Linking the neighbouring Collahuasi and Quebrada Blanca copper mines is the district logic at the heart of the deal.

Source

Teck and Anglo American release (SEC)

In the course

Module 9: The M&A process