Globe Staff Published 3 minutes ago
On Friday, Sept. 12, mining reporter Niall McGee and business columnists Andrew Willis and Eric Reguly answered reader questions about the massive deal between Vancouver-based Teck Resources Ltd. TECK-B-T and London-based Anglo American PLC NGLOY . The deal could result in one of the last remaining Canadian major critical minerals miners being swallowed up by a foreign buyer.
Readers asked about how the merger could work, stock ramifications and the future of Canada’s mining industry. Here’s an edited transcript.
The Anglo Teck Deal
Why is the deal structured this way? It seems so complex.
McGee: I’d argue it’s structured fairly simply. Believe me I’ve seen deals that have been far more complex and confusing. Do you remember the Teck pla