Anglo American PLC
AAL: XLON (GBR)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|&L | LOCK|M$$ | LOCK|B@L<rWT |
Anglo American to Merge With Teck Resources; Shareholders Take No Action
Anglo has agreed to buy Teck to form copper-focused Anglo Teck, with iron ore and zinc its other major businesses. Teck shareholders will receive 1.3301 shares in Anglo, or a Canadian subsidiary, for each Teck share. Anglo also plans to pay a premerger USD 4.19 (GBX 310) special dividend.
