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Anglo American shares surge 8% on 'merger of equals' with Canada's Teck Resources

From cnbc.com

European stocks inched higher on Tuesday, helped by mining giant Anglo American ’s share price surge after it unveiled a merger with Canada’s Teck Resources . The pan-European Stoxx 600 was 0.2% higher at 9 a.m. in London (4 a.m. ET), with France’s CAC 40 index adding 0.4%. Investors in the region are also focused on further political turmoil in France after the ousting of Prime Minister Francois Bayrou on Monday. London-listed shares of Anglo jumped 8% after it was announced that the firm had agreed to merge with Toronto-listed Teck Resources to create one of the world’s top five copper producers. Teck Resources ... (full story)

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