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Teck cannot control a bidding war, focused on completing Anglo merger, CEO says
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Teck cannot control a bidding war, focused on completing Anglo merger, CEO says
Sep 9, 2025 8:08 AM

TORONTO, Sept 9 (Reuters) - Teck Resources ( TECK ) will focus on

obtaining approval to close its proposed merger with Anglo

American, Teck's CEO told Reuters on Tuesday, adding that it

wouldn't be able to control any bidding war the plan could

spark.

"We cannot speculate on that (bidding war), and that is not

something we can control. We are focused on getting approval for

bringing Anglo and Teck together," Teck CEO Jonathan Price said,

adding that the proposed deal represented a compelling

proposition for shareholders.

Anglo American and Teck Resources ( TECK ) announced a $53 billion merger

on Tuesday to create a new global copper-focused heavyweight

mining company.

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