Teck Resources shareholders approve Anglo American merger agreement

Teck Resources (TECK) announced the voting results from its special meeting of shareholders held on Tuesday, December 9. Teck shareholders voted to approve the special resolution approving the plan of arrangement under the Canadian Business Corporations Act, involving, among other things, the “merger of equals” of Anglo American and Teck. In total, 99.7% of the votes cast by Class A common shareholders at the meeting were in favor of the arrangement resolution and 89.7% of votes cast by Class B subordinate voting shareholders were in favor of the arrangement resolution. As announced earlier by Anglo American, shareholders of Anglo American approved the allotment and issue of new ordinary shares of Anglo American to Teck shareholders in connection with the merger; and the change of the name of Anglo American to “Anglo Teck plc” with effect from the completion of the merger. The merger remains subject to customary closing conditions, including approval under the Investment Canada Act and applicable competition and regulatory approvals in various jurisdictions globally and final approval by the Supreme Court of British Columbia.