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  5. LUN: I hold Teck and since merger has been approved. [Lundin Mining Corporation]
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Q: I hold Teck and since merger has been approved. Please advise what is the offer and what will happen to my shares or new shares will be listed on TSX.

Do you suggest sell or hold or buy another copper shares.

Thanks for the excellent service

Asked by Hector on December 15, 2025
5i Research Answer:

The deal is structured as a merger. Teck shareholders (both class A common and class B subordinate voting) will receive 1.3301 new Anglo American ordinary shares (or exchangeable shares for eligible Canadian holders) for each Teck share. This exchange ratio leaves former Anglo shareholders owning about 62.4% of Anglo Teck and former Teck shareholders about 37.6% on completion. We would be fine selling and switching to LUN. 

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