Teck Secures Court Approval For Merger Of Equals With Anglo American, Pending Global Regulatory Clearances
Benzinga Newsdesk 11 months ago
M&A
Teck Resources Limited (TSX:TECK, NYSE:TECK) ("Teck") announced today that Teck has obtained a final order from the Supreme Court of British Columbia approving the previously-announced plan of arrangement under section
Teck Resources Limited (TSX:TECK, NYSE:TECK) ("Teck") announced today that Teck has obtained a final order from the Supreme Court of British Columbia approving the previously-announced plan of arrangement under section 192 of the Canada Business Corporations Act, involving, among other things, the merger of equals of Anglo American plc ("Anglo American") and Teck (the "Merger").
The Merger remains subject to the satisfaction or waiver of certain other closing conditions customary in a transaction of this nature, including receipt of applicable competition and regulatory approvals in various jurisdictions globally.