Anglo American (LON: AAL) is acquiring Teck Resources (TSX: TECK.A TECK.B, NYSE: TECK), Canada’s largest diversified miner, in a $50-billion all-share merger that would create the world’s fifth-largest copper producer — if regulators in Canada, the United States and China sign off. Anglo will exchange 1.3301 shares for each Teck share, a structure it called a “zero-premium” merger. The math tells a …
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