0203 GMT - The Anglo American-Teck Resources merger is likely to succeed, Jefferies analysts say following gains in the shares of both miners. The combined market cap of Anglo and Teck rose by roughly $8.0 billion last week following the deal, structured as a merger of equals. "The consequence of this is that Anglo has become more difficult to acquire" for potential rival suitors, say the analysts. They anticipated BHP might again bid for Anglo had the deal depressed its share price. "This is a unique deal due to a controlling shareholder at Teck, Investment Canada considerations, and substantial synergies between assets in Chile," the analysts say. "But the market cap uplift of both companies may send a message to the industry that smart M&A can be an immediate positive for share prices of all companies involved." (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

September 14, 2025 22:03 ET (02:03 GMT)

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