Anglo Teck Shares to Benefit From Significant Synergies -- Market Talk
Dow Jones
Sep 10
0901 GMT - The synergies between Anglo American and Teck Resources could lead to a re-rating of shares in the combined company, UBS analysts write in a note. Anglo American has a solid track record of delivering major growth projects while Teck has a significant pipeline of options, they write. The market currently ascribes little value to these projects and Anglo American's experience could unlock the potential, they write. While interlopers could emerge and challenge the deal, the risk is low, they write. Anglo American shares trade up 3.3% at 2,571 pence. Teck Resources shares closed up 11% at 54.47 Canadian dollars on Tuesday. (adam.whittaker@wsj.com)
(END) Dow Jones Newswires
September 10, 2025 05:02 ET (09:02 GMT)
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