Reported 2 days ago
Analysts predict that a merger between Anglo American and Teck Resources could form a $56 billion mining giant, with estimated annual synergies of $2.2 billion. The deal, structured as a share swap, will result in Anglo shareholders owning 62% of the new entity, headquartered in Vancouver. Key projections indicate significant contributions from copper and expected financial metrics have been outlined for the next few years, with Anglo's earnings expected to fluctuate depending on the retention or sale of coal and diamond assets.
Source: YAHOO