STOCK TITAN

Teck sets 11-day window, $4.5B dividend for Anglo deal

(Neutral)
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Teck Resources Limited (TECK) reports updated procedural details for its proposed merger of equals with Anglo American plc. Teck and Anglo American have agreed that, once the remaining non-Effective Date conditions precedent to the merger are fulfilled or waived, completion will occur after 11 trading days, with the effective time expected at 10:00 p.m. Vancouver time on the eleventh trading day.

A condition to completing the merger is that Anglo American declare a special dividend of approximately US$4.5 billion on its ordinary shares. Under the Arrangement Agreement this dividend was to be paid within 30 days of the merger’s Effective Date, but the parties have now agreed it will be paid within 45 days of the Effective Date. The disclosure emphasizes that the merger and dividend timing remain subject to various regulatory approvals, satisfaction of conditions precedent and other risks described in Teck’s and Anglo American’s public filings.

Positive

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Negative

  • None.
Merger completion interval 11 trading days Period between fulfilment or waiver of remaining non-Effective Date conditions precedent and completion of the Merger
Effective time of Merger 10:00 p.m. Vancouver time Expected effective time on the eleventh trading day after conditions are met or waived
Anglo Special Dividend amount approximately US$4.5 billion Special dividend on Anglo American ordinary shares required as a condition precedent to the Merger
Original dividend payment window 30 days Initial period after the Effective Date within which the Anglo Special Dividend was to be paid
Revised dividend payment window 45 days Updated period after the Effective Date within which the Anglo Special Dividend is to be paid
Arrangement Agreement date September 9, 2025 Date of the Arrangement Agreement governing the Merger between Teck and Anglo American
Meeting Circular date November 3, 2025 Date of Teck’s Meeting Circular describing the Merger
special dividend financial
"it is a condition precedent to the completion of the Merger that Anglo American declare a special dividend"
A special dividend is a one-time payment made by a company to its shareholders, usually when it has accumulated excess profits or cash. It is like a bonus or a reward for investors, often signaling that the company has extra funds available. This type of dividend matters because it can indicate a company's financial health or a significant change in its cash situation.
Arrangement Agreement regulatory
"as described in the arrangement agreement (the “Arrangement Agreement”) dated September 9, 2025"
An arrangement agreement is a legally binding plan that sets out the detailed terms and steps for a major corporate action—such as a merger, takeover, restructuring, or sale—and the approvals needed from shareholders, creditors and sometimes a court. It matters to investors because it determines who will own the company, how much they will receive, the timing and conditions for the deal to close, and the likelihood the transaction will actually happen; think of it as the project blueprint and checklist for a big corporate change.
Effective Date financial
"to be paid within 30 days of the effective date of the Merger (the “Effective Date”)"
The effective date is the specific calendar day when a contract, regulatory action, corporate change, or financial disclosure officially begins to apply and take legal or operational effect. For investors, it marks the moment rules, obligations, ownership, pricing, or reporting change—similar to the exact minute a light switch is flipped—so it determines when rights, liabilities, or market impacts start and which periods or transactions are affected.
conditions precedent regulatory
"fulfilment (or waiver, as applicable) of the remaining non-Effective Date conditions precedent to the Merger"
Conditions precedent are the specific tasks, approvals, or facts that must be satisfied before a contract or transaction becomes effective or a payment is made. Think of them as a checklist you must complete before turning the key on a new machine; if items are missing the deal can be delayed, renegotiated, or canceled. Investors watch these conditions because they determine timing, completion risk, and whether expected benefits will actually occur.
forward-looking statements regulatory
"This news release contains certain forward-looking information and forward-looking statements"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

FAQ

What merger timing update did TECK announce in this 6-K?

Teck announced that, after remaining non-Effective Date conditions to the merger with Anglo American are fulfilled or waived, the merger will complete after 11 trading days, with the effective time expected at 10:00 p.m. Vancouver time on the eleventh trading day.

What change was made to the payment timing of the Anglo Special Dividend in the TECK filing?

Originally, the Anglo Special Dividend was to be paid within 30 days of the merger’s Effective Date. Teck and Anglo American have now agreed that it will instead be paid within 45 days of the Effective Date.

What does TECK say is required before the merger with Anglo American can close?

Closing remains subject to fulfilment or waiver of remaining conditions precedent, including declaration of the US$4.5 billion Anglo Special Dividend, obtaining all required regulatory approvals, and satisfying other conditions specified in the Arrangement Agreement and related disclosure documents.

Does TECK indicate that the merger with Anglo American is guaranteed to occur?

No. Teck states that there is a possibility the merger may not be completed on the contemplated terms, timing, or at all, due to potential failure to obtain regulatory approvals, satisfy conditions, or other risk factors outlined in its and Anglo American’s disclosure materials.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of September 2026

Commission File Number: 001-13184

 

TECK RESOURCES LIMITED

(Exact name of registrant as specified in its charter)

 

Suite 3300 – 550 Burrard Street

Vancouver, British Columbia V6C 0B3

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F     Form 40-F

 

 

 

 

   

 

 

EXHIBIT INDEX

 

 

Exhibit Number   Description
     
99.1   Press Release 26-20-TR dated September 1, 2026

 

 

 

 

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  Teck Resources Limited  
  (Registrant)  
       
       

Date: September 1, 2026

By: /s/ Amanda R. Robinson
    Amanda R. Robinson  
    Corporate Secretary  

 

 

 

 

 

 

EXHIBIT 99.1

 

 

News Release

 

For Immediate Release Date: September 1, 2026

26-20-TR

 

 

 

Teck Provides Information Related to the Anglo Special Dividend and the Merger

 

Vancouver, B.C. – Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today provides the following information in connection with its proposed merger (the “Merger”) of equals with Anglo American plc (“Anglo American”).

 

Teck and Anglo American have agreed that the period between fulfilment (or waiver, as applicable) of the remaining non-Effective Date conditions precedent to the Merger, as described in the arrangement agreement (the “Arrangement Agreement”) dated September 9, 2025 between the parties and Teck’s circular dated November 3, 2025 (the “Meeting Circular”), and completion of the Merger will be eleven (11) trading days and the effective time of the Merger is expected to be 10:00 p.m. Vancouver time on the eleventh trading day.

 

Pursuant to the terms of the Arrangement Agreement, it is a condition precedent to the completion of the Merger that Anglo American declare a special dividend on its ordinary shares in the amount of approximately US$4.5 billion (the “Anglo Special Dividend”). Under the terms of the Arrangement Agreement, the Anglo Special Dividend is to be paid within 30 days of the effective date of the Merger (the “Effective Date”). Teck and Anglo American have instead agreed that the Anglo Special Dividend is to be paid within 45 days of the Effective Date.

 

Forward Looking Statements

This news release contains certain forward-looking information and forward-looking statements as defined in applicable securities laws (collectively referred to as forward-looking statements). These statements relate to future events or future performance. All statements other than statements of historical fact are forward-looking statements. The use of any of the words “anticipate”, “can”, “could”, “plan”, “expect”, “may”, “will”, “likely”, “should” and similar expressions is intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. These statements speak only as of the date of this news release. These forward-looking statements include, but are not limited to, timing of the payment of the Anglo Special Dividend.

 

These statements are based on a number of assumptions, including, but not limited to, assumptions regarding general business and economic conditions, future outlook and anticipated events, such as the ability of Anglo American and Teck to complete the Merger, the ability of Teck and Anglo American to obtain all required regulatory approvals, the ability of Teck and Anglo American to satisfy all other conditions to the Merger, the strategic vision of the merger between Teck and Anglo American following the closing of the Merger, the satisfaction of the conditions precedent to the Merger and other factors, many of which are beyond the control of Teck. The foregoing list of assumptions is not exhaustive. Events or circumstances could cause actual results to vary materially.

 

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Forward-looking information is based on the information available at the time those statements are made and reflects the good faith belief of the officers and directors of Teck and Anglo American as of that time with respect to future events and is subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking information. Factors that may cause actual results to vary materially include, but are not limited to, the possibility that the Merger will not be completed on the terms and conditions, or on the timing, currently contemplated, and that it may not be completed at all, due to a failure to obtain or satisfy, in a timely manner or otherwise, required regulatory approvals and other conditions to the closing of the Merger or for other reasons, public perception of the Merger, market reaction to the Merger, the negative impact that the failure to complete the Merger for any reason could have on the business of Anglo American or Teck, the ability of Anglo American and Teck to successfully integrate and capture expected synergies, general economic and market conditions, including interest and foreign exchange rates, global financial markets, changes in government regulations or in securities, tax or other laws, industry competition, technological developments and other factors described or discussed in Anglo American’s or Teck’s disclosure materials filed with applicable securities regulatory authorities from time to time. For additional risk factors regarding Teck’s business see also “Risk Factors” in Teck’s current Annual Information Form dated February 19, 2026, as filed under Teck’s profile on SEDAR+ (www.sedarplus.ca) and on EDGAR (www.sec.gov).

 

Teck assumes no obligation to update forward-looking statements except as required under securities laws. Further information concerning risks, assumptions and uncertainties associated with these forward-looking statements, the Merger and Teck’s business can be found in the Meeting Circular filed under Teck’s profile on SEDAR+ (www.sedarplus.ca) and on EDGAR (www.sec.gov).

 

About Teck

Teck is a leading Canadian resource company focused on responsibly providing metals essential to economic development and the energy transition. Teck has a portfolio of world-class copper and zinc operations across North and South America and an industry-leading copper growth pipeline. We are focused on creating value by advancing responsible growth and ensuring resilience built on a foundation of stakeholder trust. Headquartered in Vancouver, Canada, Teck’s shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK. Learn more about Teck at www.teck.com or follow @TeckResources.

 

Investor Contact:
Edwin Shadeo
AActing Vice President, Investor Relations and Treasurer
604.699.4531
edwin.shadeo@teck.com 

 

Media Contact:
Dale Steeves
Director, External Communications
236.987.7405
dale.steeves@teck.com

 

 

 

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Filing Exhibits & Attachments

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