Teck, Anglo American extend payment window for US $4.5 billion special dividend tied to merger - TECK News | RalliesTeck, Anglo American extend payment window for US $4.5 billion special dividend tied to merger
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TECK• Merger timing and special dividend window extended
- Teck’s proposed merger of equals with Anglo American is set to have an 11-trading-day gap between final condition fulfilment and completion.
- The effective time is expected at 10:00 p.m. Vancouver time on the 11th trading day.
- Anglo American’s special dividend of about USD 4.5 billion remains a closing condition.
- Dividend payment timing has been extended to within 45 days of the merger effective date, from within 30 days.
