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Benzinga
Benzinga
Business
Triveni Kothapalli

Nil Premium Merger Of Equals Is Strategically Excellent For Anglo, Says Analysts

Anglo TECK NGLOY Anglo American Anglo American Plc NYSE Teck Resources Anglo Teck JP Morgan Mining
Industry,Production,For,Plumbing.,Copper,Pipes,Background.,3d,Render.

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 $55 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.

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