VANCOUVER – A second major proxy advisory service has recommended shareholders vote in favour of the deal to combine Teck Resources Ltd. and Anglo American plc.
Institutional Shareholder Services, Inc. said Wednesday that the arrangement makes strategic sense and that there’s additional potential upside through the merger.
The endorsement comes after Glass Lewis & Co. said on Nov. 21 that the combined company would have a stronger financial footing and make it a more resilient producer.
The recommendations come ahead of a special meeting of shareholders on Dec. 9 to decide on the proposal.
The companies have said the deal would create a $70-billion copper mining powerhouse with headquarters and top executives based in Vancouver, though Industry Minister Mélanie Joly has said the govern

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