Published by Global Banking & Finance Review®
Posted on November 21, 2025
1 min readLast updated: January 20, 2026
Add as preferred source on GoogleGlass Lewis advises Teck Resources shareholders to approve a merger with Anglo American, creating a $53 billion copper mining entity.
(Reuters) -Independent proxy advisory firm Glass Lewis on Friday recommended Teck Resources shareholders to vote in favor of a deal to combine with Anglo American.
The planned merger, which was first announced in September, marks the copper mining sector's second-biggest M&A deal ever, with the combined market capitalisation exceeding $53 billion.
Glass Lewis said in a report that the terms of the merger appear reasonable for Teck shareholders.
Adding further that the deal offers Teck shareholders the chance to join a larger, more diversified critical-minerals group with increased copper exposure, significant synergy potential, and stronger long-term growth prospects than it could achieve alone.
The shareholder vote is expected to take place on December 9.
(Reporting by Pranav Mathur in Bengaluru; Editing by Alan Barona)
A merger is a business combination where two companies join to form a single entity, often to enhance market share, reduce competition, or achieve synergies.
Market capitalisation is the total market value of a company's outstanding shares, calculated by multiplying the share price by the total number of shares.
Critical minerals are essential materials for various industries, particularly in technology and renewable energy, and are often subject to supply chain risks.
Synergy in business refers to the concept that the combined value and performance of two companies will be greater than the sum of their separate individual parts.
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