Jefferies says merged Anglo Teck could gain from M&A
Jefferies says the planned Anglo American–Teck Resources tie-up could benefit from M&A “as either predator or prey,” and expects the merged copper miner to see re-rating potential.
It's possible that Anglo Teck--a planned tie-up of Anglo American and Teck Resources--will benefit from M&A "as either predator or prey," says Jefferies.
The bank says the merged company will become one of the world's biggest and highest-quality copper miners, and has significant re-rating potentia…