Anglo American, Teck Resources shareholders clear combination deal

Trading Central screened TSX stocks for a TC Quantamental Rating ≥50/100, TC Value Factor ≥50, and market cap ≥$2B, targeting names with growth plus value at elevated market levels. Top picks: Teck Resources (EPS +128.8% YoY; shares +41.7% YTD), B2Gold (TC Quantamental 70; EPS +250%; revenue +117%; trades ~12x earnings), Open Text (value score 89; trades ~11.5x; dividend 4.56%).

Teck Resources shares (TSE:TECK.A) rose about 1% and traded above its 50-day moving average on Thursday, moving past the C$79.24 level to a high of C$91.81; last trade was C$91.30 on 25,013 shares. The article cites Q1 results: EPS C$1.75, revenue C$3.94B. Market cap was C$44.70B.

China Investment Corporation and Fullbloom Investment Corporation have each reported a 4.1% beneficial ownership stake in Teck Resources Ltd.'s Class B Subordinate Voting Shares, as detailed in an amended Schedule 13G/A filing. Both entities hold 19,616,974 shares with shared voting and dispositive power. The filings indicate routine institutional disclosure and do not suggest a change in control, with holdings remaining below the 5% threshold.

Teck Resources Limited announced that its shareholders overwhelmingly approved the "merger of equals" with Anglo American plc, creating "Anglo Teck," a global leader in critical minerals. Class A common shareholders voted 99.7% in favor, and Class B subordinate voting shareholders voted 89.7% in favor of the Arrangement Resolution. This approval advances the creation of Anglo Teck, which is expected to leverage a world-class copper growth portfolio and deliver long-term value, pending regulatory and court approvals.

Franklin Resources Inc. significantly increased its stake in Teck Resources Ltd. by 6.9% in Q2, bringing its total to 368,585 shares valued at $14.9 million. Other institutional investors like Vanguard and Canada Pension Plan Investment Board also boosted their holdings, with 78.06% of Teck's stock now held by institutional investors. Teck Resources reported strong quarterly earnings, beating EPS estimates, and raised its quarterly dividend while analysts offer a mixed outlook with an average "Hold" rating.

The Schall Law Firm said it is investigating potential fiduciary-duty breaches by directors and management at The New York Times Company (NYSE: NYT), on behalf of investors. The firm did not cite specific allegations or financial figures, but said the review will assess whether the board violated duties to shareholders.