Q: When is the Teck merger expected to occur and is it a taxable event for Teck stock holders?
Many Thanks
Scott
Many Thanks
Scott
5i Research Answer:
While some approvals have been received, more approvals (such as anti-trust) are required. There is no official closing date announced, but it should be in mid 20026, based on sources. It is a taxable event, BUT, Canadian shareholders of Teck Resources can elect to receive exchangeable shares in a new Canadian subsidiary of Anglo Teck, allowing them to defer capital gains tax rather than trigger an immediate taxable event upon merger completion.