The deal will need the approval of regulators in countries including China, the U.S. and Canada

Anglo American PLC has agreed to acquire Canada’s Teck Resources Ltd. , creating a more than US$50-billion company in one of the biggest mining deals in over a decade.

Anglo will pay 1.3301 shares for each Teck share, in a deal that would represent a 17 per cent premium to the Canadian miner’s closing share price on Monday, according to Bloomberg calculations. But Anglo will also pay its investors a US$4.5-billion special dividend ahead of the combination, meaning that the effective premium would be just one per cent. The companies on Tuesday presented it as a zero-premium transaction.

Anglo’s shares jumped 9.9 per cent on news of the combination, which confirmed a Bloomberg News report th

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