Proxy advisory firm ISS recommends shareholders vote in favour of Teck-Anglo deal
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Monthly Digital Subscription
$0 for the first 4 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*No charge for 4 weeks then price increases to the regular rate of $19.00 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.
Monthly Digital Subscription
$4.75/week*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $19 plus GST every four weeks. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
*Your next subscription payment will increase by $1.00 and you will be charged $16.99 plus GST for four weeks. After four weeks, your payment will increase to $23.99 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
VANCOUVER – A second major proxy advisory service has recommended shareholders vote in favour of the deal to combine Teck Resources Ltd. and Anglo American plc.
Institutional Shareholder Services, Inc. said Wednesday that the arrangement makes strategic sense and that there’s additional potential upside through the merger.
The endorsement comes after Glass Lewis & Co. said on Nov. 21 that the combined company would have a stronger financial footing and make it a more resilient producer.
The recommendations come ahead of a special meeting of shareholders on Dec. 9 to decide on the proposal.
The companies have said the deal would create a $70-billion copper mining powerhouse with headquarters and top executives based in Vancouver, though Industry Minister Mélanie Joly has said the government is looking to see more benefits to Canada.
The proposal is subject to review under the Investment Canada Act, which can be used to block deals deemed against the national interest.
Jonathan Price, president and CEO of Teck, said in a statement that the recommendations further affirm the company’s view that the merger is the best past forward.
This report by The Canadian Press was first published Nov. 26, 2025.
Companies in this story: (TSX:TECK.B)