Teck Resources, Anglo American Agree to Merge. The Stocks Are Surging.

Miners Teck Resources and Anglo American have agreed to a “merger or equals,” creating one of the largest copper miners in the world, with a combined market value of about $53 billion. Anglo shareholders will get a special dividend of $4.19 per share before the merger is completed and will own 62.4% of the combined company. Teck is expected to generate 2025 earnings before interest, taxes, depreciation, and amortization, or Ebitda, of $2.8 billion.

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