$70B Anglo-Teck merger faces Ottawa review, shareholders react positively

The companies have proposed the deal as a “merger of equals,” even though Anglo American is worth more than double Teck, as plans include sourcing upper management and board representation roughly equally between the two.The deal would also see company headquarters of what would be known as Anglo Teck move to Vancouver, as proponents look to sell Canada on the benefits of the deal that will attract regulatory scrutiny.“We think this is a hugely compelling opportunity for Canada,” said Teck chief executive J ...