Teck Resources has mailed a letter of transmittal and election form to registered shareholders for the merger of equals with Anglo American. Under the plan of arrangement, each Teck share will be exchanged for 1.3301 Anglo American ordinary shares, or for eligible Canadian shareholders who elect, exchangeable shares of Anglo Teck Exchangeco Limited. The election window is now open, but the deadline has not yet been set; Teck expects to announce it at least seven business days in advance. Registered shareholders must deposit a completed letter of transmittal with Computershare Investor Services to receive their consideration, while non-registered shareholders should contact their intermediaries. Shareholders who fail to deposit by the third anniversary of the merger closing will forfeit their right to the consideration.
Anglo American PLCAnglo American is the acquirer in a merger of equals with Teck, a positive financial event.
Teck Resources Ltd Class BTeck shareholders receive a fixed exchange ratio in a merger of equals with Anglo American, a positive financial event.