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BRIEF-Teck signs agreement to acquire AQM Copper

Published 2016-11-21, 07:32 a/m
© Reuters. BRIEF-Teck signs agreement to acquire AQM Copper
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Nov 21 (Reuters) - Teck Resources Ltd TCKb.TO :

* Teck signs agreement to acquire AQM Copper

* Teck Resources Ltd - aqm shareholders will receive CAD$0.23 in cash per AQM common share

* AQM shareholders will receive cad$0.23 in cash per aqm common share

* Teck Resources Ltd - total cash consideration payable to AQM security holders is CAD$25 million, implying total equity value for aqm of CAD$35 million

* Total cash consideration payable to AQM security is approximately CAD$25 million

* Teck Resources - holders of about 18 pct of outstanding AQM shares, including all of aqm's directors, officers, agreed to vote in favour of transaction

* Teck Resources Ltd - teck will hold an 80 pct interest in cmz and mmc will hold remaining 20 pct interest with an option to increase its interest up to 30 pct

* Teck Resources Ltd - AQM board is unanimously recommending that aqm security holders vote in favour of transaction Source text for Eikon: ID:nCCNbVhBg5 Further company coverage: TCKb.TO

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