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.