1237 ET - Teck's merger agreement with Anglo American has already received the sign-off of 80% of Teck's Class A shareholders, but getting the required two-thirds approval of Class B shareholders could be more difficult, says Benchmark analyst Nathan Martin. The deal value doesn't include a premium for Tech shareholders. Meanwhile, the stock is down 15% this year due to challenges at Teck's Quebrada Blanca mine in Chile. "Investors might be asking why not wait for this process to be completed before pursuing a deal," the analysts say, adding shareholders may want to take advantage of provisions in the deal that allow either firm to consider superior proposals. (nicholas.miller@wsj.com)

(END) Dow Jones Newswires

September 10, 2025 12:37 ET (16:37 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.