Nov 21 (Reuters) - Independent proxy advisory firm Glass
Lewis on Friday recommended Teck Resources ( TECK )
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.