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GlobeNewswire·

Teck Provides Information Related to the Anglo Special Dividend and the Merger

TECK
  • Teck Resources Limited and Anglo American plc have confirmed the timeline for their proposed merger of equals, which will occur 11 trading days after all non-Effective Date conditions precedent are met.
  • The effective time of the Merger is expected to be 10:00 p.m. Vancouver time on the 11th trading day.
  • Anglo American is required to declare a special dividend of approximately US$4.5 billion as a condition precedent to complete the Merger.
  • While the Arrangement Agreement originally stipulated payment of the Anglo Special Dividend within 30 days of the Effective Date, both companies have agreed to extend this payment window to 45 days.
  • The news release includes forward-looking statements regarding the merger timing, dividend payment, regulatory approvals, integration success, & other factors that involve known risks & uncertainties.
  • Teck is a Canadian resource company with operations in copper & zinc across North & South America, listed on the Toronto Stock Exchange & NYSE.